World Perspectives
livestock

Cattle on Feed Estimates; China’s Retaliation

Cattle on Feed  USDA will release its monthly Cattle on Feed report tomorrow. Pre-report estimates from the industry peg the total number of cattle on feed as of 1 March at 108 percent of last year with February placements and marketings at 104.5 percent and 101.5 percent, respectively. For reference, February had the same number of business days (20) in both 2017 and 2018.  The range of projections for placements is very wide at 0.3-8.8 percent growth from last year. Regional drought conditions are the reason for the more robust estimates. There is a bit more consensus on marketings, which have increased year-over-year every month since August 2016 with the exception of December. February beef production totaled 1.98 billion...

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China Market Analysis

Beef China’s new import safeguard on beef continues to stir the market. Its largest impact is on the biggest supplier of protein, Brazil. Suppliers in that country say they will have to reduce production and slaughter capacity. Meanwhile, Ireland is pleased that Beijing has lifted a ban t...

feed-grains soy-oilseeds wheat

Market Commentary: Bears in Control Again; Trump-Iran-China Triangle Sinks Soybeans

Bears were once again in control of the CBOT on Tuesday as the effects of the January WASDE continue to ripple through markets. Tuesday’s trade also saw the bearish effects of rising U.S. political tensions after President Trump announced the implementation of a 25 percent tariff on any c...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.1975/bushel, down $0.0175 from yesterday's close.  Mar 26 Wheat closed at $5.105/bushel, down $0.0075 from yesterday's close.  Mar 26 Soybeans closed at $10.3875/bushel, down $0.1025 from yesterday's close.  Mar 26 Soymeal closed at $291.6/short ton, down...

China Market Analysis

Beef China’s new import safeguard on beef continues to stir the market. Its largest impact is on the biggest supplier of protein, Brazil. Suppliers in that country say they will have to reduce production and slaughter capacity. Meanwhile, Ireland is pleased that Beijing has lifted a ban t...

feed-grains soy-oilseeds wheat

Market Commentary: Bears in Control Again; Trump-Iran-China Triangle Sinks Soybeans

Bears were once again in control of the CBOT on Tuesday as the effects of the January WASDE continue to ripple through markets. Tuesday’s trade also saw the bearish effects of rising U.S. political tensions after President Trump announced the implementation of a 25 percent tariff on any c...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.1975/bushel, down $0.0175 from yesterday's close.  Mar 26 Wheat closed at $5.105/bushel, down $0.0075 from yesterday's close.  Mar 26 Soybeans closed at $10.3875/bushel, down $0.1025 from yesterday's close.  Mar 26 Soymeal closed at $291.6/short ton, down...

livestock

WASDE Livestock

USDA’s World Agriculture Supply and Demand Estimates (WASDE) report was released yesterday, the first of the year. Beef production is still down compared to 2024, but projections were raised for 2026. Beef production was raised as heavier slaughter weights more than offset the reduction i...

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From WPI Consulting

Communicating importance of value-added products

Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.

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