World Perspectives
livestock

Livestock Roundup: Feeder Cattle Prices

Recent rains have been supportive of feeder cattle prices. The moisture has been a catalyst to prices given the smaller overall supply of calves with drought no longer pulling ahead of feeder cattle placements. This development comes on top of the normal seasonal pattern of high calf prices this time of year. The rains in the Southern Plains are helping with continued late grazing on wheat fields, and replenishing water supplies. There has been reduced calf sales.Overall, 62 percent of cattle supply was in drought on 29 October. This week began with 40 percent of cattle producing regions under drought conditions. That is a big drop, but still reflects a larger percent of dry areas around the country where liquidation is likely to continue c...

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feed-grains soy-oilseeds wheat

Market Commentary: The Soybean Breakdown

The country song Oklahoma Breakdown (originally written by Mike Hosty, subsequently popularized by red dirt country artist Stony LaRue, then eventually covered by Toby Keith who, in this analyst’s opinion, ruined it) contains the line “That Oklahoma Breakdown sure do got you cryin’” – a stateme...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 25 Corn closed at $4.3725/bushel, down $0.0625 from yesterday's close. Mar 25 Wheat closed at $5.4125/bushel, down $0.0375 from yesterday's close. Jan 25 Soybeans closed at $9.5175/bushel, down $0.25 from yesterday's close. Jan 25 Soymeal closed at $279.5/short ton, down $7.7...

FOB Prices and Freight Rates App (Updated 18 December)

Ocean Freight Comments - 13 December 2024By Matt HerringtonDry bulk freight markets are in the middle of the holiday-season slowdown with thin and very quiet trade characterizing what little market activity is present. The peak demand period from the North American grain harvest has now past bu...

feed-grains soy-oilseeds wheat

Market Commentary: The Soybean Breakdown

The country song Oklahoma Breakdown (originally written by Mike Hosty, subsequently popularized by red dirt country artist Stony LaRue, then eventually covered by Toby Keith who, in this analyst’s opinion, ruined it) contains the line “That Oklahoma Breakdown sure do got you cryin’” – a stateme...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 25 Corn closed at $4.3725/bushel, down $0.0625 from yesterday's close. Mar 25 Wheat closed at $5.4125/bushel, down $0.0375 from yesterday's close. Jan 25 Soybeans closed at $9.5175/bushel, down $0.25 from yesterday's close. Jan 25 Soymeal closed at $279.5/short ton, down $7.7...

FOB Prices and Freight Rates App (Updated 18 December)

Ocean Freight Comments - 13 December 2024By Matt HerringtonDry bulk freight markets are in the middle of the holiday-season slowdown with thin and very quiet trade characterizing what little market activity is present. The peak demand period from the North American grain harvest has now past bu...

feed-grains soy-oilseeds wheat

Market Commentary: New Contract Lows for Soybeans; Soyoil Makes Bear Move; Feeder Cattle Post Turnaround Tuesday

Bears were in full control of the CBOT on Tuesday with soybeans hitting new contract lows, soyoil posting a bearish breakout from technical formations, and wheat flirting with contract lows. Not even the news of fresh export sales of corn to Mexico and soybeans to unknown destinations and Spain...

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From WPI Consulting

Forecasting developments in production agriculture

On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.

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