Friday, January 15, 2021 3:00PM CST
A lawsuit brought by a farmer's widow alleges 14 major ag companies coordinated a boycott of online sales platforms such as Farmers Business Network and AgVend, a move it argues resulted in artificially high prices and amounts to a violation of antitrust laws. The companies say the suit is without merit.
March corn is down 1/2 cent per bushel, March soybeans are down 9 1/2 cents, and March KC wheat is up 16 1/4 cents.
Price pressure continues to build in cash and futures trade Friday morning as traders focus on the building fundamental and technical weakness in both cattle and hog futures. Following trade Friday, livestock markets will remain closed Monday in observance of Martin Luther King Jr. Day.