Hurricane Harvey is creating export challenges, but robust yield estimates keep pressuring grain and oilseed futures. The cattle and hog markets took diverging paths with cattle earning triple-digit gains and hogs suffering triple-digit losses. General Comments Grain futures were mixed in moderate volume overnight trade to start the week. Corn futures closed slightly lower, while soybeans managed to close a few pennies higher. All three wheat futures contracts closed 2.5–3 cents lower.Most of the early pressure on grain futures came from Friday’s Farm Journal Crop Tour report, which estimated the U.S. national corn yield at 167.5 bushels/acre (BPA) and the national soybean yield at 48.5 BPA. It estimated corn and soybean production would...
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.