Post-Election Forecast Divided government is coming to Washington, and it has both positives and negatives. Optimists envision the farm bill being completed this month or next with Republicans and Democrats then reaching compromises on big initiatives like infrastructure investment and immigration reform. Pessimists see two embittered sides digging in to reveal the worst about the other ahead of a 2020 general election and the future of Trumpism. The Democrats will investigate and maybe impeach, while Trump pursues regulatory policy and foreign affairs with unilateral privilege.
Commodity and Trade Studies Canadian researchers Michael Devereux and Gregor Smith investigated (NBER Working Paper No. 25076) countries specializing i...
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...