Lean hog futures continued their beatdown today while feeder cattle were similarly lower. Live cattle futures managed an unconvincing higher close but remain under pressure. Technical resistance worked against wheat futures today and soybeans fell in another day of active selling. Corn, as usual, didn’t do anything interesting as traders wait for tomorrow’s USDA reports. Outside markets are higher, though not offering much support to the ag complex. The S&P 500 and Dow are both in positive territory, apparently having decided a one-day selloff was good enough for now. The VIX index is back below 10 again (last quote at 9.74) as traders feel comforted by higher equity prices. The Dollar Index is off 51 points to 91.84...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Consumer spending is a key driver of the U.S. economy, and the latest retail sales data indicate that spending remains robust despite inflation. In September, total retail and food service sales rose more than 6 percent year-over-year, with food service spending up 7 percent and...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
From WPI Consulting
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.