AGSIST DAILY · ISSUE #208 — ARCHIVE
↔ Mixed
Wednesday, October 7, 2026
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CATTLE JUMP ON FEEDER STRENGTH AS CORN SLIPS BACK

!Overnight Surprises: Feeder Cattle UP 2.0% / Live Cattle UP 1.8%
BOT CALL

Bot call, Oct 5 close, 4 weeks out: corn $4.97¼ down, soybeans $12.80¾ down, Chicago wheat $6.92¼ up, KC wheat $7.42¼ down. Backtest: no edge.

From the AGSIST prediction bot, a fixed statistical rule graded by code. Not advice. Record and method →

Live cattle are trading at $221.23 overnight, up 1.8%, with feeders up 2.0% to $340.50, both printing well above Tuesday's settle with no fresh Cattle on Feed data behind it. Corn slipped back to $5.04, giving up the round number it just reclaimed Monday as rain-stalled harvest meets heavy Grain Stocks.

Quotes as of 6:07 AM CT Wed · change vs Tue close · CME futures, delayed
THE NUMBER
100K
metric tons of promised beef imports
Trump's 100,000 metric ton beef import plan did not show up in September trade data, and retail beef prices didn't move either.
DAILY QUOTE

“What does not kill me makes me stronger.”

Friedrich Nietzsche
Cattle And Feeders Both JumpMEDIUM CONVICTION
  • Live cattle are at $221.23 overnight, up 1.8% from Tuesday's $217.25 settle, with feeders up 2.0% to $340.50 from $333.85.
  • No Cattle on Feed report today to explain it, the move is coming from the cash side with the Cargill lockout still pulling roughly 6,000 head a day of capacity.
Tight supply story just got another data point confirming it, not fixing it.
Corn Slips Back Under $5.08LOW CONVICTION
  • Corn is trading at $5.04 overnight, down seven and a half cents from Tuesday's $5.08 close, after Monday's heavy Grain Stocks print already had the market digesting a bigger carryout.
  • AgWeb's dispatch from Illinois today is the same story playing out across the Belt: combines parked, mud instead of harvest, drag-day after drag-day.
Wet fields are backing up corn supply even as the stocks number argued otherwise.
TODAY'S WATCH LIST
  • Thursday 7:30am CTExport sales; soybeans over 1.5 MMT keeps the China-purchase story alive into harvest.
  • OngoingCorn above $5.08 again reopens the round-number story; below $5.00 says harvest supply is winning.
  • This weekWatch feeder cash trade for follow-through above $340.50 or a fade back toward $334.
OUTSIDE THE PITNot moving prices today, but worth knowing.
POLICY
Trump Signs Dyed-Diesel Tax Deferral Order
Monday's executive order defers dyed-diesel tax payments and offers penalty relief, a direct input-cost break for fall fieldwork and grain drying.
Written by Sigurd Lindquist, founder. Reply at sig@farmers1st.com — I read everything.
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CME/CBOT locked price table, USDA, AgWeb, Feedstuffs, Beef Magazine, Oilprice.com, The Fence Post · Compiled 6:08 AM CT Wed
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