World Perspectives
livestock

Livestock Roundup: WASDE

USDA released its June WASDE report today. The total U.S. red meat and poultry production forecast for 2025 is lowered from last month. Beef production is lowered on reduced steer and heifer slaughter in the second quarter and reduced cow slaughter for the remainder of the year.  Cow slaughter is down 95,900 for the year, and looking at feeder cattle imports from Mexico, as the total cattle herd is at its smallest in over 70 years, shows additional pressure on steer and heifer slaughter. For 2023, imports of feeder cattle from Mexico averaged more than 110,000 per month. That’s an annual total of about 1.2 million cattle. Since December, after the 22 November Screwworm situation, it has averaged less than 36,000 imports per month...

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feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

Friday’s CFTC report showed managed money traders paring back their slightly bearish combined bets across the ag space for the second straight week. The move came amid short covering in the soy complex and corn, where technical momentum turned higher. Funds are now essentially neutral acr...

livestock

Cattle on Feed on August 1, 2025

U.S. Cattle on Feed totaled 10.9 million head on August 1, 2025 and was 2 percent below August 1, 2024.  Placements in feedlots during July totaled 1.60 million head, 6 percent below 2024.  Marketings of fed cattle during July totaled 1.75 million head, 6 percent below 2024.  Oth...

feed-grains soy-oilseeds wheat

Market Commentary: Some Odds, Some Ends, Some Notable Developments

Grain and oilseed contracts traded mixed to lower on Friday, torn between being over-weight against large yields, and under bought in the face of a late summer loss of moisture combined with a litany of potentially damaging disease outbreaks.  The number of foliar diseases that have been s...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

Friday’s CFTC report showed managed money traders paring back their slightly bearish combined bets across the ag space for the second straight week. The move came amid short covering in the soy complex and corn, where technical momentum turned higher. Funds are now essentially neutral acr...

livestock

Cattle on Feed on August 1, 2025

U.S. Cattle on Feed totaled 10.9 million head on August 1, 2025 and was 2 percent below August 1, 2024.  Placements in feedlots during July totaled 1.60 million head, 6 percent below 2024.  Marketings of fed cattle during July totaled 1.75 million head, 6 percent below 2024.  Oth...

feed-grains soy-oilseeds wheat

Market Commentary: Some Odds, Some Ends, Some Notable Developments

Grain and oilseed contracts traded mixed to lower on Friday, torn between being over-weight against large yields, and under bought in the face of a late summer loss of moisture combined with a litany of potentially damaging disease outbreaks.  The number of foliar diseases that have been s...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.115/bushel, down $0.0025 from yesterday's close.  Dec 25 Wheat closed at $5.2725/bushel, down $0.025 from yesterday's close.  Nov 25 Soybeans closed at $10.585/bushel, up $0.025 from yesterday's close.  Dec 25 Soymeal closed at $291.5/short ton, down $2.7...

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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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