The week between Christmas and New Year’s Day is supposed to be reserved for binge watching movies. However, this first trading day after the three-day break had some notable developments:
Volume was higher for corn, soymeal, soyoil and hogs. March soybeans briefly breeched the $15 level. February Live Cattle hit a new contract high of 158.425/cwt.
Today’s USDA Grains Inspected report for last week came in around as expected, which is not bad considering the period featured an Arctic freeze and a slower Mississippi River.
However, the weekly movements are still too slow of a pace to meet USDA’s predicted exports for the market year. This is especially true for corn. Again, it cannot all b...
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...
