U.S. Crop and Livestock Markets Pull Back Ahead of Juneteenth Close

USDA export and private‑sale reports pushed futures lower on Thursday and tightened near‑term protein supplies.

Overview

Soybean, corn, wheat and cotton futures fell into the Juneteenth long weekend, with front‑month contracts posting multi‑cent losses on Thursday.
USDA export data and private notifications showed active but mixed demand, including private soybean sales of 132,000 MT to China and 120,000 MT to unknown destinations and a 285,775 MT corn sale to Mexico.
Weekly USDA Export Sales tallied about 1.157 million metric tons of 2025/26 corn and 400,844 MT of 2026/27 wheat in the week of June 11, with Japan the top buyer of that wheat tranche.
USDA’s Cattle on Feed report released Thursday showed May placements down 9.7% year‑over‑year, marketings down 11.77%, and June 1 on‑feed inventory up 2.09%, tightening near‑term cattle supply signals.
Pork export sales and shipments hit 2026 lows in the week ending June 11, and traders cited thin holiday liquidity, upcoming weather in the Western Corn Belt and earlier USDA supply revisions as the next price drivers.