Last week's domestic corn price ticked up as demand has been strong in Shandong Province, helped considerably by steady gains in one particular sector's operating margins that have been spurred by the high tariffs on certain imports.
Oilseeds Soymeal Inventory Further Declines China’s estimated soymeal inventory continued to decline through the first full week of September as demand steadily improves from the feed sector. Overall, the nation’s economy has gradually recovered since early spring and accelerated heading into the third quarter. While down .2 percent versus the same month in 2016, the cost of food in August showed marked improvement from July when those monthly prices were down 1.1 percent compared with...
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...
