World Perspectives
livestock

Livestock Industry Margins

Beef packer margins deteriorated further last week to -$85/head, down from -$17/head the prior week, as continued strength in fed cattle prices again outpaced weakening boxed beef values. The Choice cutout declined $5.14/cwt to $386.41/cwt, while fed cattle prices rose $3.78/cwt to $388.36/cwt, pushing packer profits further into the red. The margin structure reflects sustained leverage by feedlots, with cash cattle continuing to rise despite softer beef values. Near-term pressure remains skewed to the downside for packers unless cutout values stabilize. Southern Plains feedlot placement margins improved ...

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Summary of Futures

May 26 Corn closed at $4.4025/bushel, down $0.0075 from yesterday's close.  May 26 Wheat closed at $5.8225/bushel, up $0.1125 from yesterday's close.  May 26 Soybeans closed at $11.6225/bushel, down $0.135 from yesterday's close.  May 26 Soymeal closed at $331.9/short ton, up $0...

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Market Commentary: Political Tail Still Wagging the Market Dog

Politics are once again the tail wagging the dog in commodity markets. U.S. negotiations with Iran fell apart (again) over the weekend after Iran refused to agree to a permanent end of its nuclear weapons program. Rather than a return to the recent status quo, however, markets are adjusting to...

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War Impacts

Commodity markets were mixed today, while Wall Street traded higher after President Trump said the Iranians still want to negotiate after he closed the Strait of Hormuz. The result is baffling to some, but the market reflects investor expectations about future corporate earnings and growth rath...

feed-grains soy-oilseeds wheat

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May 26 Corn closed at $4.4025/bushel, down $0.0075 from yesterday's close.  May 26 Wheat closed at $5.8225/bushel, up $0.1125 from yesterday's close.  May 26 Soybeans closed at $11.6225/bushel, down $0.135 from yesterday's close.  May 26 Soymeal closed at $331.9/short ton, up $0...

feed-grains soy-oilseeds wheat

Market Commentary: Political Tail Still Wagging the Market Dog

Politics are once again the tail wagging the dog in commodity markets. U.S. negotiations with Iran fell apart (again) over the weekend after Iran refused to agree to a permanent end of its nuclear weapons program. Rather than a return to the recent status quo, however, markets are adjusting to...

energy

War Impacts

Commodity markets were mixed today, while Wall Street traded higher after President Trump said the Iranians still want to negotiate after he closed the Strait of Hormuz. The result is baffling to some, but the market reflects investor expectations about future corporate earnings and growth rath...

livestock

JBS Strike Settled, Beef Sector Still Under Inflationary Pressure

JBS USA announced on Sunday that it has reached a new collective bargaining agreement with UFCW Local 7, allowing the Greeley beef production facility to return to normal operations. The plant had been on strike since 16 March, with approximately 3,800 workers affected. The plant has the capaci...

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From WPI Consulting

Infrastructure investment due diligence

On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.

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