World Perspectives
livestock

Livestock Roundup: Losing Count of Chinese Pigs; Cattle on Feed Preview

Losing Count of Chinese Pigs Yesterday China announced a new African swine fever (ASF) outbreak in Sichuan Province, bringing the total now reported to more than 140. In the hog and pork world, it is ASF all day, every day. That is THE black swan event in the market for the world’s most consumed meat. Producers, packers, traders and analysts can’t get enough information, especially good updates, about what is happening ( click here for WPI’s special report by Williams and Lu that provided some valuable insights). For example, China’s National Bureau of Statistics and Ministry of Agriculture just this week issued two substantially varying reports, indicating the hog herd in the first half of 2019 was down 15 percent...

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Market Commentary: Shutdown Progress, WASDE Hopes Send CBOT Higher

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Summary of Futures

Dec 25 Corn closed at $4.3525/bushel, up $0.0325 from yesterday's close.  Dec 25 Wheat closed at $5.36/bushel, up $0 from yesterday's close.  Jan 26 Soybeans closed at $11.3375/bushel, up $0.065 from yesterday's close.  Dec 25 Soymeal closed at $321/short ton, up $4.1 from yester...

Ham-Handed; Existential WTO Questions; Miscellany; Stove Piped Regs

Ham-Handed U.S. Treasury Secretary Scott Bessent said that the Administration will make “substantial announcements” about tariffs on coffee and other commodities not grown domestically “over the next couple of days.” The move is being made because food inflation has prov...

feed-grains soy-oilseeds wheat

Market Commentary: Shutdown Progress, WASDE Hopes Send CBOT Higher

 The U.S. government is edging ever closer to reopening, which means Washington can resume its vital work of spending money to see if rabbits enjoy Swedish massages and training mountain lions to run on treadmills (we wish we were kidding). While Washington’s spending habits certainl...

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Dec 25 Corn closed at $4.3525/bushel, up $0.0325 from yesterday's close.  Dec 25 Wheat closed at $5.36/bushel, up $0 from yesterday's close.  Jan 26 Soybeans closed at $11.3375/bushel, up $0.065 from yesterday's close.  Dec 25 Soymeal closed at $321/short ton, up $4.1 from yester...

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Ham-Handed U.S. Treasury Secretary Scott Bessent said that the Administration will make “substantial announcements” about tariffs on coffee and other commodities not grown domestically “over the next couple of days.” The move is being made because food inflation has prov...

FOB Prices and Freight Rates App (Updated 12 November)

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”...

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From WPI Consulting

Communicating importance of value-added products

Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.

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