World Perspectives
livestock

Livestock Round Up: 2024 Slaughter Totals

The annual livestock slaughter data for 2024 was released Tuesday from USDA. Despite a reduced cattle supply, beef production totaled 27 billion pounds, up slightly from 2023 based on heavier weights, especially in the fall. For 2023, total pounds produced were also about 27 billion pounds, down 5 percent from the previous year, in 2022. Commercial cattle slaughter during 2024 totaled 31.8 million head, down 3 percent from 2023, but average weights were up 34 pounds. The average live weight for the year was 1,399 pounds, with heavier cattle starting in September, exceeding 1,400 pounds. The average weight for 2023 was 1,365 pounds. Federal inspection accounted for 98.2 percent of the total. Steers were 48.6 percent of the total federally i...

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feed-grains soy-oilseeds wheat

Market Commentary: Markets Continue Rebound

Soybeans and corn rose in overnight trading on optimism about the de-escalation of the trade war with China, the world’s largest importer of the oilseeds. Both opened lower this morning but climbed out of the hole to end higher. Wheat closed lower overnight and opened that way this mornin...

feed-grains soy-oilseeds wheat

Export Sales

Export Sales and Shipments for April 11-17, 2025 Wheat: Net sales reductions of 145,000 metric tons (MT) for 2024/2025 were down noticeably from the previous week and from the prior 4-week average. Export shipments of 479,600 MT were down 1 percent from the previous week, but up 10 percent from...

feed-grains soy-oilseeds wheat

Summary of Futures

May 25 Corn closed at $4.7725/bushel, up $0.0525 from yesterday's close.  Jul 25 Wheat closed at $5.445/bushel, up $0.01 from yesterday's close.  Jul 25 Soybeans closed at $10.62/bushel, up $0.1175 from yesterday's close.  Jul 25 Soymeal closed at $296.7/short ton, down $1.9 from...

feed-grains soy-oilseeds wheat

Market Commentary: Markets Continue Rebound

Soybeans and corn rose in overnight trading on optimism about the de-escalation of the trade war with China, the world’s largest importer of the oilseeds. Both opened lower this morning but climbed out of the hole to end higher. Wheat closed lower overnight and opened that way this mornin...

feed-grains soy-oilseeds wheat

Export Sales

Export Sales and Shipments for April 11-17, 2025 Wheat: Net sales reductions of 145,000 metric tons (MT) for 2024/2025 were down noticeably from the previous week and from the prior 4-week average. Export shipments of 479,600 MT were down 1 percent from the previous week, but up 10 percent from...

feed-grains soy-oilseeds wheat

Summary of Futures

May 25 Corn closed at $4.7725/bushel, up $0.0525 from yesterday's close.  Jul 25 Wheat closed at $5.445/bushel, up $0.01 from yesterday's close.  Jul 25 Soybeans closed at $10.62/bushel, up $0.1175 from yesterday's close.  Jul 25 Soymeal closed at $296.7/short ton, down $1.9 from...

soy-oilseeds

Oilseed Highlights: Vegoils Rally; Old Crop Demand Remains Strong

The Market  The oilseed markets are mostly higher this week with U.S. old crop demand, a slow harvest start in Argentina, and a slight settling in global trade war(s) offering support. CBOT soybean futures have pushed slightly higher with support from firmer soyoil values, and this has hel...

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From WPI Consulting

Illuminating the value of technical research

On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.

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