World Perspectives
livestock

Record February Cattle on Feed

USDA released its monthly Cattle on Feed report today; the inventory of cattle and calves on feed was 12.2 million, right in line with expectations, and as WPI mentioned yesterday, a record for the month of February.  

Average daily marketings were 88,650 in January based on 20 work days (one more than in 2021) when marketings were 96,200. December 2021 average daily marketings were 84,409 based on 22 workdays.   Marketings as a percent of cattle on feed inventory in January stayed below current at 14.5 percent – that compares to 15.1 percent last January, 15.4 percent in December and 15.6 percent in November.   In a nutshell, there are more cattle on feed despite a shrinking overall herd. Based on t...

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Livestock Industry Margins

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Summary of Futures

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livestock

Livestock Industry Margins

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WASDE Wheat - Feb 2026

USDA’s outlook for 2025/26 U.S. wheat is unchanged for exports and slightly higher ending stocks to 931 million bushels - 9 percent higher than last year and the largest since 2019/20. The projected 2025/26 season-average farm price remains at $4.90 per bushel.  The global outlook fo...

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From WPI Consulting

Accountability and a comprehensive approach to export programming

WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.

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