World Perspectives
livestock

Livestock Roundup: Beef Outlook

Beef production is now forecast at 26.632 million pounds, an increase of 775 million pounds (+3 percent) from the January forecast. Before taking this number at face value, however, it’s important to consider how the USDA constructs its forecasts. If there is a significant change in market conditions, the USDA adjusts its fundamental forecast accordingly. In late November, the USDA announced a suspension of all cattle imports from Mexico due to the infestation of New World Screw Worm in Chiapas, along the Guatemalan border. As a result, the December forecast for 2025 beef production was revised downward from 26.347 million pounds to 25.732 million pounds, a 615-million-pound reduction. Now, with trade between the U.S. and Mexico poise...

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feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.43/bushel, up $0.0275 from yesterday's close.  May 26 Wheat closed at $5.92/bushel, up $0.0975 from yesterday's close.  May 26 Soybeans closed at $11.58/bushel, down $0.0425 from yesterday's close.  May 26 Soymeal closed at $329.7/short ton, down $2.2 fro...

feed-grains soy-oilseeds wheat

Market Commentary: Wheat Rallies on Falling Conditions; Cattle Surge to New Records

The CBOT received several pieces of key fundamental information on Tuesday, including updated production figures from CONAB, the results of the USDA’s Monday Crop Progress report, and fresh export sales of corn to Mexico. The result was that wheat popped higher on growing concerns for yie...

Congress Coming Back to Busy Agenda

The House and Senate are returning from their two-week Easter recess period with a busy agenda ahead. While the Department of Homeland Security (DHS) shutdown has now hit the two-month mark, a plan is emerging to use reconciliation to fund Immigration and Customs Enforcement (ICE) and Customs a...

feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.43/bushel, up $0.0275 from yesterday's close.  May 26 Wheat closed at $5.92/bushel, up $0.0975 from yesterday's close.  May 26 Soybeans closed at $11.58/bushel, down $0.0425 from yesterday's close.  May 26 Soymeal closed at $329.7/short ton, down $2.2 fro...

feed-grains soy-oilseeds wheat

Market Commentary: Wheat Rallies on Falling Conditions; Cattle Surge to New Records

The CBOT received several pieces of key fundamental information on Tuesday, including updated production figures from CONAB, the results of the USDA’s Monday Crop Progress report, and fresh export sales of corn to Mexico. The result was that wheat popped higher on growing concerns for yie...

Congress Coming Back to Busy Agenda

The House and Senate are returning from their two-week Easter recess period with a busy agenda ahead. While the Department of Homeland Security (DHS) shutdown has now hit the two-month mark, a plan is emerging to use reconciliation to fund Immigration and Customs Enforcement (ICE) and Customs a...

livestock

Livestock Industry Margins

Beef packer margins deteriorated further last week to -$85/head, down from -$17/head the prior week, as continued strength in fed cattle prices again outpaced weakening boxed beef values. The Choice cutout declined $5.14/cwt to $386.41/cwt, while fed cattle prices rose $3.78/cwt to $388.36/cwt,...

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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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