World Perspectives
livestock

Cattle on Feed

USDA released its monthly Cattle on Feed (COF) report today. The 1 December inventory of all cattle and calves on feed in feedlots with 1,000 head or more capacity was 12 million head, 102 percent of December 2018, right in-line with pre-report expectations. November placements were 2.09 million head, which was 105 percent of last year and above the average industry guess.  Marketings in November were 1.81 million head, 97 percent of last year and in line with the pre-report estimates. The average daily marketing of cattle was 86,333 head based on 21 business days in November, which was one less day than last year. Marketings for the month were less current in November at 15.1 percent of the total inventory on feed.  Placeme...

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Mercosur Regional Analysis

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2025/2026 Trade Update

Almost none of the primary U.S. grain or oilseed offerings have made a solid start to 2025-26, as export sales for the upcoming marketing year are largely near multi-year lows. This is not yet a huge problem since the typical buying periods for the season’s supplies are mostly still in th...

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CFTC COT Report Analysis

Friday’s CFTC report was consistent with expectations in that it showed managed money traders becoming dedicated net buyers across nearly every major ag market, with the notable exception of cattle futures. The buying was most notable in soybeans where, despite the trade war, funds flippe...

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Export Sales

Export Sales and Shipments for April 4-10, 2025.  Wheat: Net sales of 76,500 metric tons (MT) for 2024/2025 were down 29 percent from the previous week, but up 2 percent from the prior 4-week average. Export shipments of 483,500 MT were up 43 percent from the previous week and 11 percent f...

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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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