World Perspectives
livestock

Livestock Roundup: Cattle and Beef Imports

High cattle and beef prices are supporting imports. First, cattle imports through July are up 22.6 percent compared to last year. Imports from Canada are up 18.1 percent and imports from Mexico have increased 25.2 percent over the same period.    This trend of increased imports certainly has played some role in maintaining on-feed inventories and placements throughout this year. Mexico is still experiencing drought conditions that have likely catalyzed more shipments of feeders to the U.S., especially with current feeder cattle prices. Feeder calf prices softened some in August but still remain above year-ago levels. Beef imports are up 20.1 percent through July compared to the 2023 January through July period. Most notably, b...

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feed-grains soy-oilseeds wheat

Market Commentary: Strong Friday and an Upward Bound Week

If yesterday’s trading looked like uncertainty ultimately succumbing to the bulls, today’s trading opened with the bears fully in charge. Contracts opened lower and mostly stayed that way until late morning when there appeared to be an epiphany with the bulls and they took charge. I...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 25 Corn closed at $4.425/bushel, up $0.03 from yesterday's close.  Jul 25 Wheat closed at $5.5475/bushel, up $0.0925 from yesterday's close.  Jul 25 Soybeans closed at $10.5725/bushel, up $0.055 from yesterday's close.  Jul 25 Soymeal closed at $295.7/short ton, down $1.4 fro...

Beyond the Report Headlines: Measuring Trump’s Effects

The BLS released the employment report this morning indicating that the U.S. added 139,000 jobs in May, down slightly from April’s revised 147,000, but slightly above pre-report forecasts of 126,000. However, payrolls were revised downward an unusually large 95,000 for the prior two month...

feed-grains soy-oilseeds wheat

Market Commentary: Strong Friday and an Upward Bound Week

If yesterday’s trading looked like uncertainty ultimately succumbing to the bulls, today’s trading opened with the bears fully in charge. Contracts opened lower and mostly stayed that way until late morning when there appeared to be an epiphany with the bulls and they took charge. I...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 25 Corn closed at $4.425/bushel, up $0.03 from yesterday's close.  Jul 25 Wheat closed at $5.5475/bushel, up $0.0925 from yesterday's close.  Jul 25 Soybeans closed at $10.5725/bushel, up $0.055 from yesterday's close.  Jul 25 Soymeal closed at $295.7/short ton, down $1.4 fro...

Beyond the Report Headlines: Measuring Trump’s Effects

The BLS released the employment report this morning indicating that the U.S. added 139,000 jobs in May, down slightly from April’s revised 147,000, but slightly above pre-report forecasts of 126,000. However, payrolls were revised downward an unusually large 95,000 for the prior two month...

livestock

Even After Recent Market Gains, Hog and Pork Outlook Remains Rosy

Anyone following the hog and pork markets recently has seen the volatility that preceded the recent surge to new contract highs, and the lack of consensus in the industry’s outlook. The USDA will issue their quarterly Hogs and Pigs report at the end of June, which will help inform the ind...

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Accountability and a comprehensive approach to export programming

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