Grain and soy prices eased back into the red during the early morning hours. Those weaker prices then carried over to the day session when the market’s attention turned more in the direction of the potentially huge soybean and corn crops in South America. General Comments Grain and soy prices started out the overnight session at steady or slightly firmer levels, but they eased back into the red during the early morning hours. With a dearth of fresh news for inspiration, trading volume was quite low. Yes, there is the bird flu story with a breeding flock in western Tennessee infected with a highly contagious strain together with a small flock of turkeys in Wisconsin that tested for a less virulent strain. The Tennessee flock is located alo...
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
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.