World Perspectives
livestock

Cattle Inventory Report: U.S. Cattle Herd Still in Contraction

USDA released its January Cattle Inventory report today. The U.S. cattle herd is still in a contraction phase.  The total inventory of all cattle and calves as of 1 January was 86.7 million head, down 500,000 head from last year. Key numbers from today’s report are: The cattle on feed estimate showed 87.2 percent on feedlots of 1,000 head or more capacity, slightly higher than last year.  The combined total of calves under 500 pounds, other heifers, plus steers over 500 pounds, representing the number of feeder cattle outside of feedlots, was 24.6 million head, just slightly below 1 January 2024. The 1 January number of feeder cattle outside of feedlots is the lowest since 2015. Feeder cattle outside feed lots make up 63 p...

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feed-grains soy-oilseeds wheat

Market Commentary: Export Chatter Lifts Soymeal, Soybeans; Weather Worries Boost Wheat

The CBOT renewed its early-week strength at mid-week and turned higher with soybeans and soymeal in the lead. Fresh news was light for the day, but markets responded positively to rumors of export business getting done for soybeans and soymeal, with wheat gaining on an increasingly warm and les...

Policy Potpourri

Meat Can’t Be Beat: As if the protein craze needed any help, the Trump Administration’s new Dietary Guidelines for Americans urges consumers to “prioritize protein at every meal.” It also recommends full fat dairy while limiting sugar and highly processed foods. The emph...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.4675/bushel, up $0.0275 from yesterday's close.  Mar 26 Wheat closed at $5.18/bushel, up $0.075 from yesterday's close.  Mar 26 Soybeans closed at $10.67/bushel, up $0.1075 from yesterday's close.  Mar 26 Soymeal closed at $305.4/short ton, up $5.9 from y...

feed-grains soy-oilseeds wheat

Market Commentary: Export Chatter Lifts Soymeal, Soybeans; Weather Worries Boost Wheat

The CBOT renewed its early-week strength at mid-week and turned higher with soybeans and soymeal in the lead. Fresh news was light for the day, but markets responded positively to rumors of export business getting done for soybeans and soymeal, with wheat gaining on an increasingly warm and les...

Policy Potpourri

Meat Can’t Be Beat: As if the protein craze needed any help, the Trump Administration’s new Dietary Guidelines for Americans urges consumers to “prioritize protein at every meal.” It also recommends full fat dairy while limiting sugar and highly processed foods. The emph...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.4675/bushel, up $0.0275 from yesterday's close.  Mar 26 Wheat closed at $5.18/bushel, up $0.075 from yesterday's close.  Mar 26 Soybeans closed at $10.67/bushel, up $0.1075 from yesterday's close.  Mar 26 Soymeal closed at $305.4/short ton, up $5.9 from y...

FOB Prices and Freight Rates App (Updated 7 January)

WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “How To”...

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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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