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

Market Commentary: Soybean Sales to China Fail to Impress CBOT

The CBOT was almost uniformly lower on Wednesday with traders booking any long profits and likely adding some short spec positions as momentum wanes from the markets. The down day was a little surprising after USDA reported another 12.1 Mbu of soybeans sold to China for 2025/26, but that news h...

Tariff Trouble; UPF Killers; GIs Meet Reality; European Consensus; Takes On to Know One

Tariff Trouble Democrats in the U.S. House and Senate are pushing for votes in the House on the legitimacy of tariffs imposed by President Trump, including his use of the International Economic Emergency Powers Act (IEEPA). But Biden Administration Commerce Secretary Gina Raimondo told a Bloomb...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.2975/bushel, down $0.07 from yesterday's close.  Mar 26 Wheat closed at $5.495/bushel, down $0.095 from yesterday's close.  Jan 26 Soybeans closed at $11.3625/bushel, down $0.1725 from yesterday's close.  Dec 25 Soymeal closed at $318.9/short ton, down $8...

feed-grains soy-oilseeds wheat

Market Commentary: Soybean Sales to China Fail to Impress CBOT

The CBOT was almost uniformly lower on Wednesday with traders booking any long profits and likely adding some short spec positions as momentum wanes from the markets. The down day was a little surprising after USDA reported another 12.1 Mbu of soybeans sold to China for 2025/26, but that news h...

Tariff Trouble; UPF Killers; GIs Meet Reality; European Consensus; Takes On to Know One

Tariff Trouble Democrats in the U.S. House and Senate are pushing for votes in the House on the legitimacy of tariffs imposed by President Trump, including his use of the International Economic Emergency Powers Act (IEEPA). But Biden Administration Commerce Secretary Gina Raimondo told a Bloomb...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.2975/bushel, down $0.07 from yesterday's close.  Mar 26 Wheat closed at $5.495/bushel, down $0.095 from yesterday's close.  Jan 26 Soybeans closed at $11.3625/bushel, down $0.1725 from yesterday's close.  Dec 25 Soymeal closed at $318.9/short ton, down $8...

livestock

Livestock Industry Margins

Beef packer margins strengthened for the fourth straight week and posted one of their largest weekly gains of the year. Margins rose $42/head to $57 as fed cattle prices slipped another $4/cwt and the cutout held near recent highs. The move pushed packer profits to their firmest levels since ea...

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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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