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: Grains Fall on Weather, Strong Dollar; Cattle Surge on Inventory Numbers

The CBOT turned lower to start the week with some of the profit-taking that defined Friday’s end-of-month trade continuing into the first day of February. Also pressuring grain futures was an improved forecast for Argentina, a surge in the U.S. dollar, and sharply lower energy markets. Th...

India’s Catbird Seat; Targeting Cuba; Good and Bad GMOs

India’s Catbird Seat China is a state-run economy with formidable output, utilizing abundant, lower-cost labor. India is a democracy with a massive low-cost labor pool and countless restrictions on imports. The EU and now the U.S. have completed very different trade agreements with India,...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.2575/bushel, down $0.025 from yesterday's close.  Mar 26 Wheat closed at $5.2775/bushel, down $0.1025 from yesterday's close.  Mar 26 Soybeans closed at $10.6025/bushel, down $0.04 from yesterday's close.  Mar 26 Soymeal closed at $294.5/short ton, up $0...

feed-grains soy-oilseeds wheat

Market Commentary: Grains Fall on Weather, Strong Dollar; Cattle Surge on Inventory Numbers

The CBOT turned lower to start the week with some of the profit-taking that defined Friday’s end-of-month trade continuing into the first day of February. Also pressuring grain futures was an improved forecast for Argentina, a surge in the U.S. dollar, and sharply lower energy markets. Th...

India’s Catbird Seat; Targeting Cuba; Good and Bad GMOs

India’s Catbird Seat China is a state-run economy with formidable output, utilizing abundant, lower-cost labor. India is a democracy with a massive low-cost labor pool and countless restrictions on imports. The EU and now the U.S. have completed very different trade agreements with India,...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.2575/bushel, down $0.025 from yesterday's close.  Mar 26 Wheat closed at $5.2775/bushel, down $0.1025 from yesterday's close.  Mar 26 Soybeans closed at $10.6025/bushel, down $0.04 from yesterday's close.  Mar 26 Soymeal closed at $294.5/short ton, up $0...

livestock

Meat Producer Price Index

Wholesale meat prices fell across the board in December, seasonally adjusted, according to Producer Price Index (PPI) data released Friday by the Bureau of Labor Statistics. The overall PPI for final demand, which measures the end stage of production, rose 0.5 percent last month, driven by high...

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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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