China’s corn overhang coupled with its removal of state support wreaked havoc on U.S. exports of both DDGS and sorghum throughout 2016. However, the outlook for the latter is relatively different.
Cultural Heritage The Year of the Red Fire Rooster Begins Following the lunar calendar, New Year celebrations commenced in China on 27 January 2017 with raucous fireworks displays and parties across the country. The official calendar designates seven days of public holiday that end 2 February, which is followed by the first day of the Year of the Red Fire Rooster on 3 February. The traditional observance of Chinese New Year, also known as the Spring Festival, runs fifteen days and concludes with the Lantern Festival. The use of...
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...
