What You Need to Know Today:
Non-farm payrolls rose by 172,000 jobs in May, above economist expectations of 80,000 jobs. With the job market strong, the Fed may consider raising interest rates to tame inflation. The strong jobs report was a catalyst for lower risk appetite across financial and commodity markets. Live cattle and feeder cattle ended the day essentially flat after yesterday’s limit move in feeder cattle. There were no reports of additional cases in the U.S. outside of the one that already made headlines. Weather remains favorable for key corn and soybean growing areas with rains in the forecast. Temperatures are towards the warmer side, but not hot enough to cause any major stress to the crop.
Outside Markets: Bond yie...
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...
