World Perspectives
livestock

Feeder Outlook; Red Meat Production; White Angus

Despite less expensive feed last year, high cattle prices until the end of the year kept feedlot margins mostly in the red. With an expanded cattle supply and cheaper feedstuffs, however, this year looks to bring some stability back to feeding operations. Feeder Outlook With an expanded cattle supply and cheaper feedstuffs, this year looks to bring some stability back to feeding operations. Despite less expensive feed last year, high cattle prices until the end of the year kept feedlot margins mostly in the red. The higher costs of feeder calves more than offset the reduction in feed costs and also led to cattle on feed being held to heavier weights. Marketings of cattle from feedlots in 2015 were lower every month (except November and De...

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feed-grains soy-oilseeds wheat

Market Commentary: USDA Surprises; Market Marches Its Own Beat

While there was some red flashing early in today’s trading session, by the close all major grain and oilseed contracts were in the green. Ahead of USDA’s September WASDE report, the trade was focused on yield cuts, which had also been the principal output of various private sector c...

wheat

WASDE Wheat - Sep 2025

Wheat - USDA’s Sep 2025 outlook is for U.S. total wheat exports to increase by 25 million bushels to 900 million. That reduced ending stocks by 25 million bushels to 844 million - slightly less than last year. The projected 2025/26 seasonal average farm price is reduced by $0.20 per bushe...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.3/bushel, up $0.1025 from yesterday's close.  Dec 25 Wheat closed at $5.235/bushel, up $0.02 from yesterday's close.  Nov 25 Soybeans closed at $10.4625/bushel, up $0.1275 from yesterday's close.  Dec 25 Soymeal closed at $288.6/short ton, up $0.9 from ye...

feed-grains soy-oilseeds wheat

Market Commentary: USDA Surprises; Market Marches Its Own Beat

While there was some red flashing early in today’s trading session, by the close all major grain and oilseed contracts were in the green. Ahead of USDA’s September WASDE report, the trade was focused on yield cuts, which had also been the principal output of various private sector c...

wheat

WASDE Wheat - Sep 2025

Wheat - USDA’s Sep 2025 outlook is for U.S. total wheat exports to increase by 25 million bushels to 900 million. That reduced ending stocks by 25 million bushels to 844 million - slightly less than last year. The projected 2025/26 seasonal average farm price is reduced by $0.20 per bushe...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.3/bushel, up $0.1025 from yesterday's close.  Dec 25 Wheat closed at $5.235/bushel, up $0.02 from yesterday's close.  Nov 25 Soybeans closed at $10.4625/bushel, up $0.1275 from yesterday's close.  Dec 25 Soymeal closed at $288.6/short ton, up $0.9 from ye...

livestock

WASDE Livestock: More Poultry and Less Red Meat

Despite record high yields from corn and soybeans in today’s WASDE, the forecast for red meat and broiler production in 2025 was reduced slightly from the August report. Both beef and pork production were down, while broiler production was up. For 2025, beef was down on lower fed cattle...

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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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