May 16, 2025 12:21 AM ISTUS Stock Market LIVE Updates: A bumper Kansas wheat crop is getting fed to cowsIt’s usually a bad sign for Kansas wheat farmers when their crops end up feeding cattle instead of humans.
Feedlots are typically the destination of last resort for farmers like Gary Millershaski, who grows wheat in Lakin, Kansas. He prefers when his supplies are purchased by millers in places like Mexico, the top importer of US shipments, so they can turn the grain into flour for bread and other food. But this year, the outlook is for a bumper harvest at a time when oversees buyers are turning away from the US amid President Donald Trump’s trade tensions.
“I hate to see good wheat go to cows,” Millershaski said. He’s already gotten calls from two feedlots inquiring about his harvest — they’re bargain hunting as futures for the grain variety grown in Kansas dropped to the lowest since 2020 this week.
And if this year’s Wheat Quality Council crop tour is any indicator, the bargain hunters are probably just getting started.
Dow Jones up 230 points as Fed’s Powell cautions about higher long-term rates
Date: