World Perspectives
livestock

Cattle on Feed Report Shows Record Low Marketings

USDA’s monthly Cattle on Feed report was released today at 3 p.m. Total cattle on feed amounted to 11.1 million head, 99 percent of last year, as expected.    Placements and marketings came in slightly more bullish than the pre-report estimates, but still close, within one percent, reflecting the historically tight cattle supply. In the end, marketings were the lowest for August since the series began in 1996. As a percentage of total inventory, August marketings were current at 16 percent in 2025, reflecting the smaller cattle on feed inventory. However, compared to last year, marketings in August fell behind, as they were 17.6 percent in 2024. Daily marketings were 84,762 in August, versus 89,818 last year. August had 21...

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Market Commentary: Negative Icing on a Bearish Cake; Cattle Rally as NWS Found 70 Miles from Border

The CBOT was sharply lower to start the week as markets had a negative reaction to surprising policy developments from South America. Argentina’s government announced a zero-export tax policy on grains through 31 October in an attempt to boost domestic reserves of U.S. dollars (for detail...

Convenience over Causation; Rules and Convenience; GI’s in America; Transatlantic Work Views

Convenience over Causation A months’ long commitment to delivering in September led to today’s announcement by chemo-phobe RFK, Jr. that, “I think we found an answer to autism” As previously noted, the Trump Administration’s Make America Healthy Again (MAHA) report...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.2175/bushel, down $0.0225 from yesterday's close.  Dec 25 Wheat closed at $5.1075/bushel, down $0.1175 from yesterday's close.  Nov 25 Soybeans closed at $10.11/bushel, down $0.145 from yesterday's close.  Dec 25 Soymeal closed at $280.1/short ton, down $...

feed-grains soy-oilseeds wheat

Market Commentary: Negative Icing on a Bearish Cake; Cattle Rally as NWS Found 70 Miles from Border

The CBOT was sharply lower to start the week as markets had a negative reaction to surprising policy developments from South America. Argentina’s government announced a zero-export tax policy on grains through 31 October in an attempt to boost domestic reserves of U.S. dollars (for detail...

Convenience over Causation; Rules and Convenience; GI’s in America; Transatlantic Work Views

Convenience over Causation A months’ long commitment to delivering in September led to today’s announcement by chemo-phobe RFK, Jr. that, “I think we found an answer to autism” As previously noted, the Trump Administration’s Make America Healthy Again (MAHA) report...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.2175/bushel, down $0.0225 from yesterday's close.  Dec 25 Wheat closed at $5.1075/bushel, down $0.1175 from yesterday's close.  Nov 25 Soybeans closed at $10.11/bushel, down $0.145 from yesterday's close.  Dec 25 Soymeal closed at $280.1/short ton, down $...

livestock

Plan to Rebuild Beef Cattle Supply is Coming This Week

Yesterday, USDA released a statement confirming the detection of New World Screwworm (NSW) in in Sabinas Hidalgo, located in the Mexican state of Nuevo León, less than 70 miles from the U.S.-Mexico border.  The case was confirmed by the National Service of Agro-Alimentary Health, Sa...

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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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