The Trump Administration is planning a suspension of tariff rate quotas (TRQs) on beef from all exporters for 200 days as a means to address high beef pric...
Articles
Livestock Industry Margins
Beef packer margins deteriorated to -$208/head last week, down $24 from the prior week as higher fed cattle prices continued to outpace wholesale beef valu...
Market Commentary: Risks Abound During Headline Week
What You Need to Know Today: Energy markets are sharply higher after President Trump rejected a weekend Iranian counter proposal that did not include limi...
Policy Potpourri
Tax Policy Teed Up The debate over taxes on billionaires is heating up a larger fight over tax policy for the next U.S. Congress. This is good news because...
DOJ USDA Give Update on Antitrust Investigation into Beef Packing
At a joint press conference last week between the Department of Justice and USDA, Acting Attorney General Todd Blanche stated that he and Rollins were pres...
WPI Crop Progress and Conditions App (Updated 11 May)
Update for 6 April 2025: Last year, users pointed out differences between the 5-year averages reported in this app and what USDA estimates in its weekly re...
Mercosur Regional Analysis
CORN Argentina’s corn harvest remains practically paralyzed, with weekly progress of less than 2 percent, in sharp contrast to soybeans, which advanc...
Summary of Futures
Jul 26 Corn closed at $4.7525/bushel, up $0.04 from yesterday's close. Jul 26 Wheat closed at $6.34/bushel, up $0.15 from yesterday's close. Ju...
CFTC COT Report Analysis
Friday’s CFTC report showed funds adding to net long positions across the major ag futures contracts for the third straight week as weather concerns...
Market Commentary: Equities Easily Outperform Ags
What You Need to Know Today Ag markets have placed bets on new soybean demand from China after next week’s Xi-Trump meeting. While the media predict...
Summary of Futures
Jul 26 Corn closed at $4.7125/bushel, up $0.0375 from yesterday's close. Jul 26 Wheat closed at $6.19/bushel, up $0.0675 from yesterday's close. ...
Solid Jobs Report, but the Devil is in the Details
Nonfarm payrolls rose 115,000 in April, beating the consensus expectation for a gain of 65,000. Payroll gains for February and March were revised down by a...
Al Gore and the Unidentified Opportunity Costs
Twenty years ago, An Inconvenient Truth helped bring climate risk into the public foreground. Al Gore’s film and book contributed to a transformation...
Market Commentary: Prices Slide on a Hiatus in the Market
What You Need to Know Today Agricultural futures spent a third straight session mostly lower after partially recovering from morning lows. The war in...
Summary of Futures
Jul 26 Corn closed at $4.675/bushel, down $0.01 from yesterday's close. Jul 26 Wheat closed at $6.1225/bushel, down $0.05 from yesterday's close.&nbs...
Livestock Round Up: Summer Grilling Season and Exports
It is now May, the kick-off of the retail meat demand surge, and a shift in the types of products. There are a variety of events that result in a notable s...
Transportation Perspectives - 7 May
WPI has officially launched Transportation Perspectives as a standalone weekly report separate from our Ag Perspectives articles and an...
Market Commentary: War Premium Out. Weather Premium Next?
Key Market Insights Macros: Macro markets traded a sharp shift in tone Wednesday as traders aggressively pulled risk premium from the market on growing opt...
Dressed Carcass Politicians
Gutless politicians are an unsurprising feature, but are nonetheless disappointing. Their constituents often do not care why beef prices are high; they jus...
Livestock Industry Margins
Beef packer margins deteriorated to -$184/head last week, down $84 from the prior week as sharply higher fed cattle prices outpaced a modest rebound in the...
Summary of Futures
Jul 26 Corn closed at $4.685/bushel, down $0.115 from yesterday's close. Jul 26 Wheat closed at $6.1725/bushel, down $0.105 from yesterday's close.&n...
Black Sea Regional Analysis
Russian Grain Markets: 27 April - 1 May 2026 The Russian grains market remained volatile but predominantly bullish during the week in review. However, rubl...
Market Commentary: Grains Ease on Profit Taking but Bullish Fundamentals Remain
What You Need to Know Today: U.S. naval escorts through the Strait of Hormuz and renewed Iranian attacks on vessels and UAE infrastructure are sustaining...
House MAHA Hearing on State Laws in Energy and Commerce Committee
The House Energy and Commerce Subcommittee on Health held a hearing on legislative proposals concerning food regulation and oversight. The hearing was focu...