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

Summary of Futures

Mar 26 Corn closed at $4.27/bushel, up $0.0075 from yesterday's close.  Mar 26 Wheat closed at $5.47/bushel, up $0.0925 from yesterday's close.  Mar 26 Soybeans closed at $11.335/bushel, down $0.005 from yesterday's close.  Mar 26 Soymeal closed at $303.9/short ton, down $1.9 fro...

feed-grains soy-oilseeds wheat

Market Commentary: Weather Pressures Grains; Crush Pace Boosts Soybeans

The CBOT managed to recover from a dramatic overnight plunge with soybeans leading the fight to put values back in the green. Most of the news coming out of the weekend was bearish – between larger Russian wheat crop projections, the advancing South American harvests, and generally favora...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.2625/bushel, down $0.055 from yesterday's close.  Mar 26 Wheat closed at $5.3775/bushel, down $0.11 from yesterday's close.  Mar 26 Soybeans closed at $11.34/bushel, up $0.01 from yesterday's close.  Mar 26 Soymeal closed at $305.8/short ton, down $3.4 fr...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.27/bushel, up $0.0075 from yesterday's close.  Mar 26 Wheat closed at $5.47/bushel, up $0.0925 from yesterday's close.  Mar 26 Soybeans closed at $11.335/bushel, down $0.005 from yesterday's close.  Mar 26 Soymeal closed at $303.9/short ton, down $1.9 fro...

feed-grains soy-oilseeds wheat

Market Commentary: Weather Pressures Grains; Crush Pace Boosts Soybeans

The CBOT managed to recover from a dramatic overnight plunge with soybeans leading the fight to put values back in the green. Most of the news coming out of the weekend was bearish – between larger Russian wheat crop projections, the advancing South American harvests, and generally favora...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.2625/bushel, down $0.055 from yesterday's close.  Mar 26 Wheat closed at $5.3775/bushel, down $0.11 from yesterday's close.  Mar 26 Soybeans closed at $11.34/bushel, up $0.01 from yesterday's close.  Mar 26 Soymeal closed at $305.8/short ton, down $3.4 fr...

House Farm Bill Text Released

Chairman of the House Agriculture Committee, Glenn Thompson (R-Pennsylvania), released the text of the farm bill on Friday. Markup is scheduled for next week. Some key highlights are shown below.  Commodities: Directs reporting on dairy production expenses to ensure that producer costs ar...

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From WPI Consulting

Accountability and a comprehensive approach to export programming

WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.

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