What You Need to Know Today:
Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facility and its Eagle Mountain, Utah, case-ready plant. The company also plans to pursue the sale of its Pasco, Washington, facility. Two oil tankers owned by the UAE’s state-owned oil and gas company ADNOC were attacked while transiting the Strait of Hormuz, with the UAE accusing Iran of carrying out the attacks. The Pro Farmer Crop Tour begins Monday, August 17, and runs through August 20, providing the market with one of the first major independen...
What You Need to Know Today: U.S. and Chinese officials are expected to discuss agriculture and non-tariff trade barriers ahead of Chinese President Xi Jinping’s visit to Washington later this month, potentially opening the door to additional U.S. agricultural purchases or improved marke...
The U.S. will observe Labor Day on Monday, 7 September. U.S. markets and the WPI office will be closed that day. The next edition of Ag Perspectives will be published Tuesday, 8 September...
Key Takeaways: Drought and changes to the multi-year trend in cow slaughter and retention have the potential to dramatically alter beef trim supplies and pricing, and WPI specifically models three different drought scenarios for fall 2026. Based on our models, WPI expects 90 percent lean...
