World Perspectives
livestock

Cattle on Feed Report: Record February Placements

USDA released the monthly Cattle on Feed report today. As has been the case more often than not since mid-2023, actual placements have exceeded the pre-report estimates.  Coming into today’s report the consensus estimate among analysts was for placements to be 106 percent of last year’s total. As WPI wrote yesterday, weather last year was expected to have an impact. Weather conditions kept a lid on February 2023 placements, and 2024 January weather led to fewer cattle being placed, deferring them into February. As WPI wrote after the 1 February Cattle on Feed report, as January’s “wet and muddy conditions have improved, it is likely that February placements have rebounded.” And rebound they did. Actual...

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Martin Luther King Jr. Holiday

U.S. financial markets will be closed in observance of Martin Luther King Jr. Day on Monday, 19 January. As a result, WPI’s offices will be closed, and no issue of Ag Perspectives will be published that day. Ag Perspectives will resume on Tuesday, 20 January...

feed-grains soy-oilseeds wheat

Market Commentary: Some Rebound from WASDE Lows

By today’s close, losses in soybeans and wheat were down to fractions but corn could not fight its way back from USDA’s surprise bigger supply numbers in Monday’s WASDE. Volumes were generally light on this last day of trading ahead of Monday’s MLK holiday. Only the catt...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.2475/bushel, up $0.045 from yesterday's close.  Mar 26 Wheat closed at $5.18/bushel, up $0.075 from yesterday's close.  Mar 26 Soybeans closed at $10.5775/bushel, up $0.0475 from yesterday's close.  Mar 26 Soymeal closed at $290/short ton, up $0.8 from ye...

Martin Luther King Jr. Holiday

U.S. financial markets will be closed in observance of Martin Luther King Jr. Day on Monday, 19 January. As a result, WPI’s offices will be closed, and no issue of Ag Perspectives will be published that day. Ag Perspectives will resume on Tuesday, 20 January...

feed-grains soy-oilseeds wheat

Market Commentary: Some Rebound from WASDE Lows

By today’s close, losses in soybeans and wheat were down to fractions but corn could not fight its way back from USDA’s surprise bigger supply numbers in Monday’s WASDE. Volumes were generally light on this last day of trading ahead of Monday’s MLK holiday. Only the catt...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.2475/bushel, up $0.045 from yesterday's close.  Mar 26 Wheat closed at $5.18/bushel, up $0.075 from yesterday's close.  Mar 26 Soybeans closed at $10.5775/bushel, up $0.0475 from yesterday's close.  Mar 26 Soymeal closed at $290/short ton, up $0.8 from ye...

Government Funding Update: ICE Policy Risks

This past fall the U.S. government was shutdown for the longest period in history, with a temporary reprieve reached to re-open the government until the end of this month (30 January). Regardless of what happens, USDA was funded for the year under the compromise package, thus keeping the agency...

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From WPI Consulting

Weighing in on strategic realignment

WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.

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