• U.S. Cattle on Feed Up in feedlots with capacity of 1,000 or more head totaled 11.6 million on May 1, 2026 - 2 percent above May 1, 2025. • Pla...
Articles
Market Commentary: Small Gains as Corn/Soybeans Correct and Wheat is Mixed
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its...
Memorial Day Holiday
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published...
Cattle on Feed Report: Neutral with Bearish Undertones
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to...
Fake Meat? On the End of the Aisle
Let’s return briefly to the fake meat hype cycle, now sitting somewhere in a dusty corner of your mind, not entirely forgotten. What happened to all...
Summary of Futures
Jul 26 Corn closed at $4.6325/bushel, up $0.01 from yesterday's close. Jul 26 Wheat closed at $6.4625/bushel, down $0.0125 from yesterday's close.&nb...
Cold Storage Report Summary and Analysis
April 2026 total red meat and poultry stocks were up sharply from March but 1.6 percent below April 2025 levels due to continued declines in poultry and po...
Transportation Perspectives - 21 May
Dry bulk markets were volatile but ultimately steady this week with notable differences in rate developments across vessel classes. The Capesize sect...
Market Commentary: A Market Trading War — Until It Wasn’t
Key Market Insights Macro markets delivered a full whipsaw today. Early in the session, crude oil had rallied back above $100/barrel as traders priced rene...
New Trade Agreements; Hold the Beef; Where’s the Beef
New Trade Agreements U.S. and Indian officials say that bilateral trade negotiations are progressing on a comprehensive deal to expand earlier completed ch...
Summary of Futures
Jul 26 Corn closed at $4.6225/bushel, down $0.035 from yesterday's close. Jul 26 Wheat closed at $6.475/bushel, down $0.13 from yesterday's close.&nb...
Poultry Profitability Helping to Offset Challenging Beef Environment for Major Protein Producers
Key Takeaways: Major meatpackers are seeing massive losses in their beef divisions, with cattle prices at record levels amid low inventories. Drought cont...