The CattleFax session at the NCBA National Convention highlighted trends in corn, soybeans, wheat, oil, energy, and hay production. Corn saw a record-high yield in 2023, but a decrease is expected in 2024 due to weather conditions. Soybeans are being used at a record high for renewable diesel, impacting U.S. exports. Despite the Ukraine-Russia conflict, wheat production remains stable. The U.S. is producing record amounts of oil, with an expected average price of around 80 dollars per barrel in 2024. Hay production increased by 6.3% in 2023, with another increase expected in 2024. The hay market is expected to recover from the low stock of 2022, with prices normalizing. Key factors to watch in 2024 include the Prospective Plantings reports, the transition into La Nina, the Brazilian soybean crop, and exports from China.