CBOT grains fall; corn down 1.1%, soybean meal slides 1.6%

The move is broad rather than crop-specific, with soybean meal's steeper slide outpacing the bean itself and pointing to weakness in the crush complex rather than a single supply story. The livestock split is the more telling detail: lean hogs' sharp drop alongside firmer feeder cattle suggests demand and feed-cost dynamics are pulling in different directions. Whether meal's underperformance continues relative to soybeans is the open question, since that spread carries more signal about crush margins than the headline index move.