Grains in the Red. Tuesday, Oct. 21, 2025

live cattle were up $1.10 at $244.75 per hundredweight (cwt). January feeder cattle were up 53¢ at $369.70 per cwt. December lean hogs were down 3¢ at $82.05 per cwt. “Cattle futures plummeted on Friday following a comment from President Trump that he had a deal that would lower beef prices,” said Arlan Suderman, chief commodities economist at StoneX. “We learned on Sunday that his plan included importing more beef from Argentina, in the wake of his $20 billion bailout of the country, as he tries to woo that country back out of the influence of China. Cattle futures fell sharply due to fears that the supply of beef would increase in the United States with higher imports. Much of Argentina’s beef exports currently go to China, so it would likely send China more to Brazil to fill its needs, in addition to other sources. “But the longer-term concern is that lower beef prices could discourage U.S. producers from rebuilding their breeding herds, which ultimately leaves us more ...