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Livestock purchases hit $74.4 billion in 2025, topping feed costs for the first time in 41 years of USDA data — a shift driven by surging protein demand and cheap grain, but one that threatens to extend the cattle herd rebuilding cycle.
Equipment stocks jumped after Q2 earnings, but CEO Gerrit Marx says depressed crop prices and high input costs are keeping a full recovery on hold.
Corn, soybeans and wheat each favored the downside in overnight trade and are giving up most of yesterday’s gain.