Grains lower, livestock lower

By The Associated Press
September 4, 2026 | 4:35 PM

CHICAGO (AP) _ Grain futures were lower Friday on the Chicago Board of Trade. Sept. corn lost 4 cents at $5.12 a bushel. Sept. wheat was down 11.5 cents at $7.16 a bushel. Sept. oats fell by 13.5 cents at $3.42 a bushel. Sept. soybeans fell by 13.75 cents at $12.94 a bushel.

Beef was lower and pork was lower on the Chicago Mercantile Exchange.

Oct. live cattle was down 1.4 cents at $2.13 a pound. Sept. feeder cattle fell by 0.73 cent at $3.25 a pound. Oct. hogs was down 0.75 cent at $.82 a pound.

The Latest: US tightens economic squeeze on Iran after a week of renewed strikes

By The Associated Press
September 4, 2026 | 5:50 PM

The U.S. Treasury announced Friday that it has imposed sanctions on the Turkish bank Golden Global Yatirim Bankasi Anonim Sirketi, as part of the Trump administration’s latest effort to sever “critical financial lifelines” for the Iranian government. Having launched “Operation Economic Outcast” just last week to try to isolate Iran from its remaining global trade partners, the Trump administration also resumed strikes in recent days — signaling President Donald Trump’s turn to a dual-pronged approach that combines economic pressure with the potential of a devastating escalation in force. But the Iranian leadership has yet to bow to already intense sanctions and an intermittent bombing campaign since the war began six months ago. The global economy, meanwhile, continues to roil. Diesel hit a record price in the U.S. on Friday, soaring to an average of $5.85 a gallon for the first time as the war disrupts the world’s flow of fuel. A day earlier, Vice President JD Vance rejected the use of the word “war” to describe the fighting with Iran and steered clear of predicting that the 6-month-old conflict would be over by November’s midterm elections, in which Republicans are trying to hang on to their narrow majorities in Congress.

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