World Perspectives
livestock

Livestock Roundup: A Look at Cattle Herd Rebuilding

As WPI reported yesterday, the total supply of beef per capita is up this year over last based on imports and heavier slaughter weights; both are related to the pace of beef cow salughter. A bigger percent of fed cattle in the mix has resulted in heavier slaughter weights, as well as feeder cattle being fed longer to heavier weights. Plus, with cow slaughter down this year after two years of culling, imports of lean trim are up.Next week, the September monthly cow slaughter totals will be released, but through August, beef cow slaughter is down 15.7 percent from last year, and 26.9 percent from 2022, and 9.6 percent from the 2018-2021 average after two years of culling from drought impact. Based on the historical averages, cow slaughter cou...

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feed-grains

WASDE Corn - Dec 2025

USDA’s Dec 2025 estimate is that the 2025/26 season-average corn price received by U.S. farmers will remain at $4.00 per bushel. Global corn stocks are down 2.2 million to 279.2 million tons...

wheat

WASDE Wheat - Dec 2025

USDA’s Dec 2025 estimate is that the 2025/26 season-average wheat price received by U.S. farmers will remain at $5.00 per bushel. Global wheat stocks rose 3.4 million tons to 274.9 million, mainly on increases for several exporting countries...

soy-oilseeds

WASDE Soybeans - Dec 2025

USDA’s Dec 2025 estimate is that the 2025/26 season-average prices are presently unchanged for U.S. soybeans at $10.50 per bushel, for soymeal at $300 per short-ton, and for soyoil at 53 cents per pound.  Global soybean ending stocks are increased 0.4 million tons to 122.4 million, m...

feed-grains

WASDE Corn - Dec 2025

USDA’s Dec 2025 estimate is that the 2025/26 season-average corn price received by U.S. farmers will remain at $4.00 per bushel. Global corn stocks are down 2.2 million to 279.2 million tons...

wheat

WASDE Wheat - Dec 2025

USDA’s Dec 2025 estimate is that the 2025/26 season-average wheat price received by U.S. farmers will remain at $5.00 per bushel. Global wheat stocks rose 3.4 million tons to 274.9 million, mainly on increases for several exporting countries...

soy-oilseeds

WASDE Soybeans - Dec 2025

USDA’s Dec 2025 estimate is that the 2025/26 season-average prices are presently unchanged for U.S. soybeans at $10.50 per bushel, for soymeal at $300 per short-ton, and for soyoil at 53 cents per pound.  Global soybean ending stocks are increased 0.4 million tons to 122.4 million, m...

feed-grains soy-oilseeds wheat

Market Commentary: Corn Exports Hit Record; WASDE Little Changed for Soy, Wheat

The CBOT wasn’t expecting much from the December WASDE report and USDA delivered fully on those expectations. The headline numbers were the increase of corn exports to a record-breaking 3.2 Bbu and a commensurate reduction in ending stocks. Soybeans and wheat were left out of the balance...

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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.

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