World Perspectives
livestock

Aussie Feeder Cattle Boom; Korea Offsetting China as Pork Destination

Aussie Feeder Cattle Boom  The inventory of Australian cattle in feedlots is at a record high despite bullish grain prices Down Under. The drivers have been drought and a lack of suitable grazing pasture. The total at the end of June (via quarterly inventory reports) was 1.12 million head, which is 103 percent of June 2017 and 109 percent larger than the previous quarter (end of March). Grain-fed cattle marketings were up 106 percent at the end of June but are trending toward a much bigger increase next quarter as placements were 112 percent of the earlier quarter. Typically, the quarter ending in September is a seasonal high for these marketing, but the drought will push them even higher than normal patterns. Feedlot capacity utiliz...

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CFTC COT Report Analysis

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Market Commentary: Strong Friday and an Upward Bound Week

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feed-grains soy-oilseeds wheat

Summary of Futures

Jul 25 Corn closed at $4.425/bushel, up $0.03 from yesterday's close.  Jul 25 Wheat closed at $5.5475/bushel, up $0.0925 from yesterday's close.  Jul 25 Soybeans closed at $10.5725/bushel, up $0.055 from yesterday's close.  Jul 25 Soymeal closed at $295.7/short ton, down $1.4 fro...

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From WPI Consulting

Weighing in on strategic realignment

WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.

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