World Perspectives
livestock

Livestock Round Up

Considering China Situation Impact  Hog producers are awaiting a breakthrough in prices while packers’ margins remain high. The promise of increased exports has not made its way to the hog market – at least not yet. So, what is the outlook? The situation is the reverse from back in August. Packer margins in late summer hit their lowest since China and Mexico imposed retaliatory tariffs on U.S. pork, and hog prices rallied on anticipation of a breakthrough deal with China. This has all been driven on the speculation of when a breakthrough on China trade would take effect given the ASF influenced supply and demand situation there. According to Sterling Marketing’s Profit Tracker margins, last week farrow-to-finish po...

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CFTC COT Report Analysis

Friday’s CFTC report showed managed money traders breaking a three-week trend of net short covering in the ag space as managed money traders expanded their almost-neutral positions. The expansion of short holdings came primarily from selling across the three soy complex contracts and from...

Japan–U.S. Trade Deal Implemented

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soy-oilseeds

WPI U.S. State Soybean Yield and Production Forecasts

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.18/bushel, down $0.0175 from yesterday's close.  Dec 25 Wheat closed at $5.1925/bushel, down $0.0025 from yesterday's close.  Nov 25 Soybeans closed at $10.27/bushel, down $0.06 from yesterday's close.  Dec 25 Soymeal closed at $284/short ton, up $0.3 fro...

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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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