Although it is unknown at this point who will be the new USDA secretary, another cabinet nominee is adding to the nervousness felt by some aggies. Now in the past few days, the concern has spread about the influence of an unofficial Trump advisor and RFS critic.As an aside, bovine spongiform encephalopathy (BSE) or mad cow disease was detected in the U.S. on this day in 2003. That discovery will forever be remembered as the “cow who sold Christmas.” Today the sector has expanded and, in fact, peaked in herd size, and it is starting on the downward side of a cattle cycle.In terms of more current affairs, Washington is in the midst of the Trump administration transition, and many aggies are getting the jitters over the pace. 24 December is th...
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 downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
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 on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
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 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
From WPI Consulting
Accountability and a comprehensive approach to export programming
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