Pro Farmer

Cash wheat prices drop to remain well below year-ago
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Selling was featured across the crop and livestock markets today.
Selling was featured across commodity markets today.
Both live cattle and lean hogs sustained selling pressure throughout todays session as cash markets for both continue to face weakness.
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Wheat continues to see relative weakness while corn and soybeans faced modest selling pressure overnight.
USDA estimated 43% of the U.S. winter wheat crop was experiencing drought conditions, down 14 points from last week and one point less than last year at this time.