World Perspectives

Details on the Continuing Resolution

After a brief midnight shutdown, Congress approved yet another modified stopgap budget package in the early hours of this morning. This is the fifth continuing resolution (CR) for FY 2018. It was passed in the Senate at 2 a.m. (EST) by a vote of 71-28 and in the House at about 5:30 a.m. (EST) by a vote of 240-186; the president signed the bill at 8:40 a.m. (EST). This is a $400 billion deal that will keep the government open until 23 March, but it also accommodates the two-year $1.3 trillion plan that was outlined in yesterday’s Livestock report (see Ag Perspectives, 8 February). The latest CR lifts the caps on defense spending, allowing $300 billion more over the next two years, and provides funding for disaster relief. It also exten...

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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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U.S. Cattle on Feed in feedlots with capacity of 1,000 or more head totaled 11.1 million head on September 1, 2025. The inventory was 1 percent below September 1, 2024.  Placements in feedlots during August totaled 1.78 million head, 10 percent below 2024.  Marketings of fed cattle du...

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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

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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