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 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...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.48/bushel, up $0.0425 from yesterday's close.  Mar 26 Wheat closed at $5.345/bushel, down $0.0025 from yesterday's close.  Jan 26 Soybeans closed at $10.8725/bushel, down $0.065 from yesterday's close.  Jan 26 Soymeal closed at $301.3/short ton, down $5 f...

Trump Announces Farm Bailout

President Trump announced a total of $12 billion in funding for an ag agriculture bailout program yesterday. The funds will come from tariff revenue collected from the new tariffs.   The package includes $11 billion in one-time payments to crop farmers through a new USDA program, the...

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...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.48/bushel, up $0.0425 from yesterday's close.  Mar 26 Wheat closed at $5.345/bushel, down $0.0025 from yesterday's close.  Jan 26 Soybeans closed at $10.8725/bushel, down $0.065 from yesterday's close.  Jan 26 Soymeal closed at $301.3/short ton, down $5 f...

Trump Announces Farm Bailout

President Trump announced a total of $12 billion in funding for an ag agriculture bailout program yesterday. The funds will come from tariff revenue collected from the new tariffs.   The package includes $11 billion in one-time payments to crop farmers through a new USDA program, the...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

The following tables/charts reflect the CFTC's latest data release, which covers traders' positions through 21 October. The data are, obviously, delayed due to the 40-day 2025 U.S. government shutdown. While the positions below likely have little influence on today's markets or fund positioning...

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From WPI Consulting

Weighing in on strategic realignment

WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.

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