Friggin' Farm & Ranch Report — Weekly Wrap 5/16/26 | Beijing Blinked, Plains Are Burning & Cash Cattle Hold $260

Weekly wrap for the week ending May 16, 2026. It's been a week, daylight burners. Trump flew to Beijing, shook Xi's hand, declared fantastic deals, and flew home. The soy market said show me the purchase order — beans closed the week down 31 cents from Monday's peak. The one concrete thing that came out of that summit? China quietly renewed import licenses for 400+ US beef plants on Thursday.…