Grain and feed values will obviously be down in 2014, while oilseed export values are projected upward based on higher prices and strong early year sales of soymeal and soybeans.USDA released its FY 2014 projected ag trade exports yesterday that shows a drop from the exports record value of $140.9 billion in 2013 to a projected $137 billion in 2014. It also projects imports to be at $109.5 billion, leaving the U.S. ag trade surplus at its lowest since 2009.Much of the decline is related to price. Grain and feed values will obviously be down in 2014, while oilseed export values are projected upward based on higher prices and strong early year sales of soymeal and soybeans. Livestock, dairy and poultry are up on value and volume to a new reco...
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...
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Accountability and a comprehensive approach to export programming
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