Today’s trading was mostly lower based on South American weather and the ever-present tariff threat. Overall, the first week in February 2025 experienced the following:
It was the fourth week in a row higher for SRW, and the third week up for HRW and HRS. It was the second week in a row for otherwise bullish cattle to lose value, and hogs were the beneficiary with a second week higher. HRW was the outsized gainer, and feeder cattle the biggest loser. Soymeal was the most volatile, rising over 4 percent, then falling 4 percent to end up almost unchanged.
The South American weather outlook is not great, but it is better and that put another damper on Chicago. Showers are lightening up, allowing more windows for soyb...
What You Need to Know Today: Cattle futures extended their sharp selloff Friday as weakening cash cattle prices, deteriorating feedlot profitability, and reduced packer demand continued to weigh on the market. The inability of futures to sustain a rally following last week's bullish Cattle on...
As predicted, the Federal Reserve held rates steady at the last meeting before the midterm elections, likely in part because of the election (see WPI 19 October and 22 September). The decision comes at the tail end of a midterm election cycle that has been marked by the two parties campaigning...
Key Takeaways: WPI’s new EU rapeseed crushing margin models point to weaker processing returns over the next four months due to higher rapeseed procurement costs and weaker product values. Statistical forecasts call for German crushing margins to decline from €181/MT to €...
