Friday, July 23, 2021 11:42AM CDT
Zippy Duvall, president of the American Farm Bureau Federation, met with reporters this week. He said the Biden administration has been open to hearing Farm Bureau's concern about issues, but AFBF opposes the administration's push for tax changes and the group is watching how EPA addresses water-quality rules.
December corn is down 2 3/4 cents, November soybeans are down 7 1/2 cents and September KC wheat is up 2 1/2 cents.
Cattle were the beneficiaries of lower grain prices Thursday with similar support possible Friday as overnight grain futures were lower. Trading may be limited as the Cattle on Feed report will be released after the close. Hog futures remain in an uptrend, but positive fundamental news is becoming harder to find.