The CBOT reversed yesterday’s move lower with some buying support being uncovered today. Today’s higher close was somewhat unconvincing, however, coming with light volume and no really interesting fundamental news. In the livestock sector, the hog market closed lower, further suggesting yesterday’s higher prices may well have been a bull trap, while higher beef prices led the cattle markets higher. The Fed left interest rates unchanged in its announcement today, leaving Wall Street to jump higher with happiness. Presently, the Dow Jones is up 404 points (1.6 percent) with the S&P 500 up 1.4 percent. The VIX is commensurately lower while the U.S. dollar is slightly higher. Crude oil prices are continuing th...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.