Brian Hoops

Brazil soybean harvest is 72% done vs. 64% last week, 83% last year and 78% on average. 2nd corn crop is 98% planted, 91% last week, 95% last year and 97% on average #oatt

Moderate fed cattle cash trade volumes were noted in the North at $235 live and $370 to $372 dressed which is steady with last week. Light trade in the South at $234 to $235 which is steady to $1 softer than the prior week #oatt

My appearance on @OfficialRFDTV - March 27, 2026 youtu.be/LpSGpVjpICM?fe… #oatt

Importantly, the policy also tilts future demand toward domestic feedstocks by discounting foreign fuels starting in 2028, further anchoring U.S. soybean oil and crush demand.

The rule maintains the 15-billion-gallon conventional ethanol mandate while driving a more than 60% increase in biomass-based diesel demand, alongside a 70% reallocation of small refinery exemptions, all of which tighten the effective mandate and support RIN values.

The EPA’s finalized Renewable Fuel Standard “Set 2” rule, announced today at the White House, sets biofuel blending requirements for 2026–2027 at record levels, reinforcing a structurally stronger demand outlook for U.S. agriculture—particularly corn and soybean oil.

Noon Market News - March 27, 2026 #oatt

AM #pork cutout 3.15 higher to $98.50 #oatt

Boxed Beef AM- Choice: 394.09, +4.24 Select: 391.89, +.23 62 loads

President Trump is expected to have an event celebrating agriculture today on the White House lawn around 11:30am CT #oatt

Feeder cattle index is $.27 lower at $363.00. Daily number is $365.23 on 5,420 head #oatt

Packer margins are estimated at $10.80/head #oatt

The union claims the company has not engaged in negotiations, while JBS maintains its existing offer remains on the table and is tied to a broader national agreement.

Workers at JBS have extended a strike at a major U.S. beef plant in Greeley, Colorado into a third week, involving roughly 3,800 employees represented by the United Food and Commercial Workers.

Private exporters reported sales of 105,000 metric tons of soybeans for delivery to unknown destinations during the 2025/2026 marketing year #oatt

Argentine corn harvest is 18% complete vs. 14% last week, 12% last year and 10% on average #oatt

Hogs kept for breeding came in at 98.5%, below the 99.8% estimate, with marketings at 100.6%, also below the 101.0% guess.

Yesterday’s USDA Hogs & Pigs Report showed all U.S. Hogs and Pigs as of March 1 at 74.321 million head, or 100.4% of last year—that was below the average 100.9% trade guess.

A Farm Futures magazine survey found 2026 U.S. corn plantings at 96.4 million acres, down from 98.8 mln last year but above the USDA Ag Forum figure of 94.0 mln ac. Soybean acreage came in at 86.0 mln ac, up from 81.2 mln ac in 2025 and a million above the Ag Forum number as well

I will be discussing the grain and livestock markets on @OfficialRFDTV at 8:15am this morning #oatt