Sometime in the future, nations will decide that globalization and integration have greater benefit for their people, and the negotiated reunion of nations will be more thoughtful and permanent. Meaning of Brexit A pro-Remain headline warned of the “Perils of Populism,” but what it really means is the perils of democracy, and there will be plenty more of that ahead. Some thoughts:
Divorce: Only two nations prohibit a dysfunctional couple from divorcing one another (the Philippines and the Vatican City), which implies that society sees less harm in breaking up than in staying together unhappily. That does not mean that the cost is not high, just that a relative judgement has been made. Farmers: The UK’s farmers benefit substantially fr...
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...
