World Perspectives
livestock

Hog Outlook Shows Smaller Production and Exports, but Strong Demand in 2025

The March Hogs and Pigs report offered the industry a much-needed look at what the supply situation is and is likely to be for the coming year. As WPI readers likely already know, the report showed that all-hogs and pigs inventories were essentially equal to last year’s numbers with market hog inventories and farrowing intentions for the next two quarters coming in slightly below year-ago values. In light of these new numbers, WPI has updated our long-term (i.e., full-year 2025) outlook for the hog and pork markets. Briefly, our models anticipate that strong pork demand in Q1 and Q2 in conjunction with lower production will create a price-supportive environment. In LH 2025, pork demand will look similar to 2024 levels, but weaker slau...

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feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

Friday’s CFTC report showed continued selling activity from managed money funds in the grain and oilseed sector. The action was expected, given the weakness in futures over the past few weeks and funds’ positions as of last Tuesday were in line with expectations. In the soy complex,...

feed-grains soy-oilseeds wheat

Market Commentary: Tariffs and Monday’s Reports Cause Volatility

It was all red this morning, except of course soyoil. Even lean hog futures were negative despite the relatively bullish USDA Hogs & Pigs report after the close yesterday. However, by the close today, corn and soybeans had flipped back into the green. Still, on the whole, 60 percent of our...

feed-grains soy-oilseeds wheat

Summary of Futures

May 25 Corn closed at $4.5325/bushel, up $0.0325 from yesterday's close.  May 25 Wheat closed at $5.2825/bushel, down $0.0375 from yesterday's close.  May 25 Soybeans closed at $10.23/bushel, up $0.0625 from yesterday's close.  May 25 Soymeal closed at $293.5/short ton, down $1 f...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

Friday’s CFTC report showed continued selling activity from managed money funds in the grain and oilseed sector. The action was expected, given the weakness in futures over the past few weeks and funds’ positions as of last Tuesday were in line with expectations. In the soy complex,...

feed-grains soy-oilseeds wheat

Market Commentary: Tariffs and Monday’s Reports Cause Volatility

It was all red this morning, except of course soyoil. Even lean hog futures were negative despite the relatively bullish USDA Hogs & Pigs report after the close yesterday. However, by the close today, corn and soybeans had flipped back into the green. Still, on the whole, 60 percent of our...

feed-grains soy-oilseeds wheat

Summary of Futures

May 25 Corn closed at $4.5325/bushel, up $0.0325 from yesterday's close.  May 25 Wheat closed at $5.2825/bushel, down $0.0375 from yesterday's close.  May 25 Soybeans closed at $10.23/bushel, up $0.0625 from yesterday's close.  May 25 Soymeal closed at $293.5/short ton, down $1 f...

FOB Prices and Freight Rates App (Updated 28 March)

Transportation and Freight Market Comments - 28 March 2025 By Matt Herrington Dry-Bulk Ocean Freight Dry bulk freight markets were mostly steady or slightly higher this week with steady improvements in demand for spot U.S. cargoes and for grains from the East Coast of South America. The industr...

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From WPI Consulting

Illuminating the value of technical research

On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.

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