World Perspectives
livestock

Livestock Industry Margins

Beef packer margins fell $68/head last week and marked the third straight week of declines to end near -$220, which is back among the worst margins in the past decade. The culprit for weaker margins was an $6/cwt pullback in the Choice cutout and broader beef markets while fed cattle prices rallied to new all-time highs. Packers were relatively aggressive buying cattle for 1-14-day delivery last week, which could reduce spot purchases this week and give cattle markets an opportunity to decline. Such a move would improve margins slightly, but packers are staring at an outlook ...

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feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.11/bushel, down $0.03 from yesterday's close.  Sep 25 Wheat closed at $5.2975/bushel, down $0.0875 from yesterday's close.  Nov 25 Soybeans closed at $10.095/bushel, down $0.02 from yesterday's close.  Dec 25 Soymeal closed at $276.5/short ton, down $2.8...

feed-grains soy-oilseeds wheat

Market Commentary: Weather Sinks Grain Bull Hopes; Cattle Hit All-Time Highs

The theme for this week’s grain markets seems to be that of favorable weather, big crops, and increasingly bearish sentiment. That was certainly the case Tuesday, as corn, soybeans, soymeal, and wheat all sold off amid fund and commercial selling. Several markets/contracts hit new contrac...

Trump Trade Squeezes; USDA Staff Relocation; Scale and Trade

Trump Trade Squeezes It did not help the EU’s trade negotiating position in Scotland this past Sunday when its leaders had just come from China where President Xi Jinping rebuffed their demands for rebalancing the trading relationship. China’s overcapacity causes it to dump steel, a...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.11/bushel, down $0.03 from yesterday's close.  Sep 25 Wheat closed at $5.2975/bushel, down $0.0875 from yesterday's close.  Nov 25 Soybeans closed at $10.095/bushel, down $0.02 from yesterday's close.  Dec 25 Soymeal closed at $276.5/short ton, down $2.8...

feed-grains soy-oilseeds wheat

Market Commentary: Weather Sinks Grain Bull Hopes; Cattle Hit All-Time Highs

The theme for this week’s grain markets seems to be that of favorable weather, big crops, and increasingly bearish sentiment. That was certainly the case Tuesday, as corn, soybeans, soymeal, and wheat all sold off amid fund and commercial selling. Several markets/contracts hit new contrac...

Trump Trade Squeezes; USDA Staff Relocation; Scale and Trade

Trump Trade Squeezes It did not help the EU’s trade negotiating position in Scotland this past Sunday when its leaders had just come from China where President Xi Jinping rebuffed their demands for rebalancing the trading relationship. China’s overcapacity causes it to dump steel, a...

U.S.-EU Trade Agreement

President Trump and EU President Ursula von der Lynen announced on Sunday that they reached an outline of a Cooperation Agreement on Reciprocal, Fair and Balanced Trade. This is the Trump Administration’s fifth agreement to date, along with the UK, Japan, Indonesia, and Vietnam, which is...

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From WPI Consulting

Accountability and a comprehensive approach to export programming

WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.

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