Consolidation was the word of the day ahead of tomorrow’s WASDE report. Corn finished slightly higher for the most part, while soybeans and wheat added a few pennies’ value. There was notable short covering in the soy complex as traders evened their positions after several days of losses. The only excitement was in the livestock pits where live cattle, feeder cattle, and lean hog futures all finished with near-limit gains. The liquidation of funds’ massive long position from these commodities has pushed futures prices below their fair value relative to the fundamentals. The trade is beginning to recognize this and adjust prices higher as needed. After the market closed, USDA’s Crop Progress report showed farmers mad...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
From WPI Consulting
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.