Short Range Weather: A number of hazards are expected across the U.S. today. Severe thunderstorms are expected in the Upper Mississippi Valley and from Missouri to the Carolinas

BEEF EXPORTS: Net sales of 23,300 MT for 2022 were down 18 percent from the previous week, but up 35 percent from the prior 4-week average

PORK EXPORTS: Net sales of 24,100 MT for 2022 were down 8 percent from the previous week, but up 2 percent from the prior 4-week average

SOYBEAN EXPORTS: Net sales of 752,700 MT for 2021/2022 were up noticeably from the previous week and 65 percent from the prior 4-week average

CORN EXPORTS: Net sales of 435,300 MT for 2021/2022 were up noticeably from the previous week, but down 36 percent from the prior 4-week average

WHEAT EXPORTS: Net sales of 8,500 metric tons (MT) for 2021/2022--a marketing-year low--were down 40 percent from the previous week and 82 percent from the prior 4-week average

LIVESTOCK MARKETS: Managed money exits cattle; Average cash cattle bids -$3.00; Feeders worried over pasture conditions; Worst pastures in Texas and Montana (AgriVisor)

GRAIN MARKETS: Covid delays Chinese spring plantings; 58% chance of La Nina through October; Covid also disrupting China fertilizer applications; Weekly ethanol production unchanged (AgriVisor)

Livestock, Dairy & Poultry Outlook (MAY): Drought and forage conditions led to an increase in expected cow and bull slaughter during 2022, offsetting lower expected fed cattle slaughter and raising 2022 production to 27.8 billion

U.S. CATTLE REPORT: Wheat gets hammered; Boxed beef flat; Smaller expected placements and marketings; Talks to discuss Ukraine exports

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