World Perspectives
livestock

WASDE Livestock

The May WASDE included this disclaimer:  Effective May 11, 2025, the USDA announced the suspension of live cattle, horse, and bison imports from Mexico due to recent detections of New World Screwworm (NWS) in southern Mexico. Forecasts in this report reflect this suspension and, in the absence of an official timeline for reopening U.S. ports of entry for livestock, it is assumed these restrictions will remain in place indefinitely. Subsequent forecasts will reflect officially announced changes in policy when they occur.  The impact was that beef production in 2025 is forecast lower on tighter cattle supplies, fewer available fed steers and heifers due to import restrictions on cattle from Mexico, and reduced slaughter of cattle. O...

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FOB Prices and Freight Rates App (Updated 27 August)

WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “How To”...

feed-grains soy-oilseeds wheat

Market Commentary: Soybeans Firm on Trade Visit; Bullish Feedback Loop for Cattle

The CBOT saw early pressure develop after the USDA Crop Progress and Conditions report was more favorable than expected for corn, soybeans, and wheat. Despite some dryness and uneven weather over the past few weeks, conditions ratings were generally steady, and – surprisingly – in t...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.095/bushel, down $0.0275 from yesterday's close.  Dec 25 Wheat closed at $5.3175/bushel, up $0.02 from yesterday's close.  Nov 25 Soybeans closed at $10.495/bushel, up $0.0175 from yesterday's close.  Dec 25 Soymeal closed at $293.3/short ton, up $2.4 fro...

FOB Prices and Freight Rates App (Updated 27 August)

WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “How To”...

feed-grains soy-oilseeds wheat

Market Commentary: Soybeans Firm on Trade Visit; Bullish Feedback Loop for Cattle

The CBOT saw early pressure develop after the USDA Crop Progress and Conditions report was more favorable than expected for corn, soybeans, and wheat. Despite some dryness and uneven weather over the past few weeks, conditions ratings were generally steady, and – surprisingly – in t...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.095/bushel, down $0.0275 from yesterday's close.  Dec 25 Wheat closed at $5.3175/bushel, up $0.02 from yesterday's close.  Nov 25 Soybeans closed at $10.495/bushel, up $0.0175 from yesterday's close.  Dec 25 Soymeal closed at $293.3/short ton, up $2.4 fro...

Future of Tariffs

Some countries have reacted harshly to the tariffs imposed by President Trump, while other countries responded more mutedly or negotiated a settlement. Canada initially retaliated but has now unilaterally reversed some of its retaliatory tariffs against the U.S. after deeming them predominantly...

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From WPI Consulting

Infrastructure investment due diligence

On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.

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