World Perspectives
livestock

Feeder Cattle Import Update

As summer demand for beef is upon us, fed cattle hit $233 per cwt yesterday, having moved above $200 per cwt in April on tight supplies. The cattle herd as of 1 January was the smallest in more than 50 years, imports of feeder cattle from Mexico have been suspended due to the New World Screwworm (NWS), and beef demand remains stubbornly high.  U.S. Secretary of Agriculture Brooke Rollins yesterday announced a new protocol for risk-based port re-openings for cattle from Mexico beginning as early 7 July 2025. The USDA, along with APHIS and their counterparts in Mexico, from the National Department of Health, Food Safety and Food Quality (SENASICA), have increased NWS surveillance, detection, and eradication efforts.  This will begi...

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WPI Crop Progress and Conditions App (Updated 7 July)

Update for 28 April 2025: Last year, users pointed out differences between the 5-year averages reported in this app and what USDA estimates in its weekly report. The difference exists because WPI calculates average based on the last 5 years of observations for the current week. In cases where o...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.2075/bushel, down $0.1625 from yesterday's close.  Sep 25 Wheat closed at $5.485/bushel, down $0.0825 from yesterday's close.  Nov 25 Soybeans closed at $10.2075/bushel, down $0.285 from yesterday's close.  Dec 25 Soymeal closed at $285.9/short ton, down...

Trade Deadline Extended, Threats Sharpened; African Moves; WTO Reforms

Trade Deadline Extended, Threats Sharpened President Trump announced that the 9 July deadline for trade agreements with the U.S. to avoid reciprocal tariffs will be extended to 1 August. Eighteen countries are being targeted for trade negotiations, and a smaller subset received letters today on...

feed-grains soy-oilseeds wheat

WPI Crop Progress and Conditions App (Updated 7 July)

Update for 28 April 2025: Last year, users pointed out differences between the 5-year averages reported in this app and what USDA estimates in its weekly report. The difference exists because WPI calculates average based on the last 5 years of observations for the current week. In cases where o...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.2075/bushel, down $0.1625 from yesterday's close.  Sep 25 Wheat closed at $5.485/bushel, down $0.0825 from yesterday's close.  Nov 25 Soybeans closed at $10.2075/bushel, down $0.285 from yesterday's close.  Dec 25 Soymeal closed at $285.9/short ton, down...

Trade Deadline Extended, Threats Sharpened; African Moves; WTO Reforms

Trade Deadline Extended, Threats Sharpened President Trump announced that the 9 July deadline for trade agreements with the U.S. to avoid reciprocal tariffs will be extended to 1 August. Eighteen countries are being targeted for trade negotiations, and a smaller subset received letters today on...

Skinny Farm Bill Left to Finish

President Trump said yesterday that the U.S. is nearing several new trade deals and that letters will be sent to trading partners by 9 July warning of increased tariffs set to take effect on 1 August. That announcement effectively extends the administration’s trade deadline from this week...

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From WPI Consulting

Forecasting developments in production agriculture

On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.

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