World Perspectives

Disparate Adjustments; Hug a Farmer; Losers and the Outlook

Disparate Adjustments Trade uncertainty is hitting everyone. China will reportedly flush its state-owned enterprises with cash, which may not improve their quality of governance but will keep them alive. Some are asking for similar aid to U.S. farmers. By contrast, Vietnam says it will unilaterally lower its trade barriers. When all is said and done, economists will be able to measure the various actions taken by politicians and the net effects on their citizenry.   Hug a Farmer Bolstering more direct selling by farmers to consumers has been a policy goal of the EU’s Common Agricultural Policy. The concept is that eliminating middlemen will increase the economic benefit to the producers. The use of farmers markets and communi...

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Market Commentary: Rebound for Corn, Beans on Iran News; Wheat Declines

New variables specifically in the agricultural markets were light today, but the Iran war news hit some markets like a tsunami. The war and Iran’s chokehold on global oil supplies have subjugated economies for nearly seven weeks with outsized petrol prices. Everything became distorted aro...

livestock

Cattle on Feed - April 1 2026

U.S. cattle on feed totaled 11.6 million head on April 1, 2026, 1 percent below April 1, 2025.  Placements in feedlots during March totaled 1.71 million head, 7 percent below 2025.  Marketings of fed cattle during March totaled 1.63 million head, 6 percent below 2025.  Other disa...

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May 26 Corn closed at $4.4875/bushel, up $0.0025 from yesterday's close.  May 26 Wheat closed at $5.9125/bushel, down $0.0725 from yesterday's close.  May 26 Soybeans closed at $11.6725/bushel, up $0.035 from yesterday's close.  May 26 Soymeal closed at $331.8/short ton, down $0...

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Market Commentary: Rebound for Corn, Beans on Iran News; Wheat Declines

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Cattle on Feed Report: Neutral

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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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