World Perspectives
livestock

Hogs and Pigs Report Preview

USDA will release its quarterly Hogs and Pigs report tomorrow. The pre-report estimate is as follows: The pigs per litter for March through May is forecast at 101.3 percent of last year, with a range of 100.9 to 102.3 percent. The pig crop is expected at a one percent increase, that aligns with the projected inventory of market hogs under 50 pounds, but most of the growth is expected to come from trendline growth in pigs saved per litter. The expected pigs per litter trend for spring born pigs is up about 1.3 percent and is in line with the trend. However, there have been concerns over inventory loss due to porcine respiratory and reproductive (PRRS) virus. The report should put some parameters on that. Notably, in the 1 March report, pigs...

Related Articles
feed-grains soy-oilseeds wheat

Market Commentary: Grains, Oil Fall on Risk-off Trade after Middle East Ceasefire

The biggest drive of the CBOT’s Tuesday trade had little to do with grain markets themselves and, rather, was primarily focused on risk and positioning dynamics following the apparent Israel-Iran ceasefire agreement. While both sides have apparently agreed to some sort of ceasefire deal,...

Trade Agreements Challenged; No Non-reciprocals; Miniature Meat Plant

Trade Agreements Challenged The 9 July deadline for countries to reach individual trade agreements with the U.S. is fast approaching and while the Trump Administration says negotiations are progressing, there are some high hurdles. Protectionists from India to Europe are pressuring their policy...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 25 Corn closed at $4.1625/bushel, down $0.03 from yesterday's close.  Sep 25 Wheat closed at $5.52/bushel, down $0.175 from yesterday's close.  Jul 25 Soybeans closed at $10.4675/bushel, down $0.12 from yesterday's close.  Jul 25 Soymeal closed at $280.5/short ton, down $1.9...

feed-grains soy-oilseeds wheat

Market Commentary: Grains, Oil Fall on Risk-off Trade after Middle East Ceasefire

The biggest drive of the CBOT’s Tuesday trade had little to do with grain markets themselves and, rather, was primarily focused on risk and positioning dynamics following the apparent Israel-Iran ceasefire agreement. While both sides have apparently agreed to some sort of ceasefire deal,...

Trade Agreements Challenged; No Non-reciprocals; Miniature Meat Plant

Trade Agreements Challenged The 9 July deadline for countries to reach individual trade agreements with the U.S. is fast approaching and while the Trump Administration says negotiations are progressing, there are some high hurdles. Protectionists from India to Europe are pressuring their policy...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 25 Corn closed at $4.1625/bushel, down $0.03 from yesterday's close.  Sep 25 Wheat closed at $5.52/bushel, down $0.175 from yesterday's close.  Jul 25 Soybeans closed at $10.4675/bushel, down $0.12 from yesterday's close.  Jul 25 Soymeal closed at $280.5/short ton, down $1.9...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

The attached PDF offers graphical depiction and seasonal analysis of managed money and commercial traders' net position in key agricultural commodity markets. The data is, of course, taken from the CFTC's weekly Commitment of Traders report, using the futures only data. WPI recently completed a...

Image
From WPI Consulting

Communicating importance of value-added products

Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.

Search World Perspectives

Sign In to World Perspectives

Don’t have an account yet? Sign Up