World Perspectives
livestock

Livestock Roundup: Cattle on Feed Preview

USDA’s monthly Cattle on Feed report will be released tomorrow. Analysts’ pre-report consensus estimates are for the total inventory on feed to be 99.2 percent of last year with the range of estimates between 99.4 percent and 100.3 percent of 1 February 2024.    Marketings are estimated to be 98.2 percent of last year, coming in at a range of 97.7 percent to 98.7 percent. Placements, the most difficult category to estimate, are expected to be between a wide range of 98.9 percent of last year and 92.6 percent, for an average of 95.9 percent.  The combination of relatively larger marketings and no change in placements would pull down the number of cattle on feed on 1 February to below the prior February. Sooner or...

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FOB Prices and Freight Rates App (Updated 28 January)

WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “How To”...

livestock

Livestock Industry Margins

Beef packer margins remained deeply negative, with estimated net losses at -$185/head, little changed from the prior week. Rising boxed beef values continued to lag gains in fed cattle prices, keeping gross margins compressed despite incremental support from carcass weights and drop values. Rel...

feed-grains soy-oilseeds wheat

Market Commentary: Energy Supports Soyoil, Soybeans; Weak Dollar Pushes Wheat Higher

Grain trade at the CBOT was mixed Tuesday with higher energy values supporting soyoil and soybeans while a weaker dollar and some commercial buying supported wheat futures. Corn was the laggard for the day as concerns about ethanol production in the U.S. during the two weeks of severe cold weig...

FOB Prices and Freight Rates App (Updated 28 January)

WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “How To”...

livestock

Livestock Industry Margins

Beef packer margins remained deeply negative, with estimated net losses at -$185/head, little changed from the prior week. Rising boxed beef values continued to lag gains in fed cattle prices, keeping gross margins compressed despite incremental support from carcass weights and drop values. Rel...

feed-grains soy-oilseeds wheat

Market Commentary: Energy Supports Soyoil, Soybeans; Weak Dollar Pushes Wheat Higher

Grain trade at the CBOT was mixed Tuesday with higher energy values supporting soyoil and soybeans while a weaker dollar and some commercial buying supported wheat futures. Corn was the laggard for the day as concerns about ethanol production in the U.S. during the two weeks of severe cold weig...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.265/bushel, down $0.0175 from yesterday's close.  Mar 26 Wheat closed at $5.2325/bushel, up $0.0075 from yesterday's close.  Mar 26 Soybeans closed at $10.6725/bushel, up $0.055 from yesterday's close.  Mar 26 Soymeal closed at $294/short ton, down $0.3 f...

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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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