World Perspectives
soy-oilseeds livestock

Brits and Pigs

WASDE As could be expected, yesterday's WASDE showed a decrease in meat and poultry production based on an increase in beef driven by drought liquidation, and a more-than-offsetting reduction in pork and poultry production. Pork is down on lower weights and fewer animals; poultry is down based on higher soybean meal prices. Interestingly, beef exports are held the same for the remainder of 2012 and drop in 2013 despite higher production. And as we reported last week, there is the potential opening of the Japanese market to U.S. beef.Like in the U.S., production costs are up substantially in Brazil. According to the Brazilian Ministry of Agriculture, pork and poultry production costs were at record highs in August. Pork production costs...

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USDA’s monthly Cattle on Feed report was released today at 3 p.m. Total cattle on feed amounted to 11.1 million head, 99 percent of last year, as expected.    Placements and marketings came in slightly more bullish than the pre-report estimates, but still close, within one perc...

feed-grains soy-oilseeds wheat

Market Commentary: Absent Chinese Demand, Supply Dominates the Mood

Markets were over-weight on the Xi – Trump phone call this morning. The phone call went well enough but after it became clear there was no deal on ag or soybeans, the latter turned south. Beans and meal had traded higher overnight and at the open, but like all three wheats, closed on loss...

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Cattle of Feed - Sep 2025

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livestock

Cattle on Feed Report Shows Record Low Marketings

USDA’s monthly Cattle on Feed report was released today at 3 p.m. Total cattle on feed amounted to 11.1 million head, 99 percent of last year, as expected.    Placements and marketings came in slightly more bullish than the pre-report estimates, but still close, within one perc...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.24/bushel, up $0.0025 from yesterday's close.  Dec 25 Wheat closed at $5.225/bushel, down $0.0175 from yesterday's close.  Nov 25 Soybeans closed at $10.255/bushel, down $0.12 from yesterday's close.  Dec 25 Soymeal closed at $284/short ton, down $0.7 fro...

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From WPI Consulting

Accountability and a comprehensive approach to export programming

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