World Perspectives
livestock

Livestock Industry Margins

Beef packer margins deteriorated sharply again last week, plunging deeper into negative territory and reached their second lowest value back to at least 2010. Margins fell $144/head week over week to –$314 as fed cattle prices rose another $2.83/cwt while the Choice cutout plunged $14.20/cwt. The resulting margin compression underscored how post-holiday beef demand erosion has collided with structurally tight fed cattle availability. With boxed beef seasonally declining and cattle prices still firm, packer margins remain acutely exposed heading further into January. Feedlot placement margins improved meaningfully last week but ...

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feed-grains soy-oilseeds wheat

Market Commentary: Export Chatter Lifts Soymeal, Soybeans; Weather Worries Boost Wheat

The CBOT renewed its early-week strength at mid-week and turned higher with soybeans and soymeal in the lead. Fresh news was light for the day, but markets responded positively to rumors of export business getting done for soybeans and soymeal, with wheat gaining on an increasingly warm and les...

Policy Potpourri

Meat Can’t Be Beat: As if the protein craze needed any help, the Trump Administration’s new Dietary Guidelines for Americans urges consumers to “prioritize protein at every meal.” It also recommends full fat dairy while limiting sugar and highly processed foods. The emph...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.4675/bushel, up $0.0275 from yesterday's close.  Mar 26 Wheat closed at $5.18/bushel, up $0.075 from yesterday's close.  Mar 26 Soybeans closed at $10.67/bushel, up $0.1075 from yesterday's close.  Mar 26 Soymeal closed at $305.4/short ton, up $5.9 from y...

feed-grains soy-oilseeds wheat

Market Commentary: Export Chatter Lifts Soymeal, Soybeans; Weather Worries Boost Wheat

The CBOT renewed its early-week strength at mid-week and turned higher with soybeans and soymeal in the lead. Fresh news was light for the day, but markets responded positively to rumors of export business getting done for soybeans and soymeal, with wheat gaining on an increasingly warm and les...

Policy Potpourri

Meat Can’t Be Beat: As if the protein craze needed any help, the Trump Administration’s new Dietary Guidelines for Americans urges consumers to “prioritize protein at every meal.” It also recommends full fat dairy while limiting sugar and highly processed foods. The emph...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.4675/bushel, up $0.0275 from yesterday's close.  Mar 26 Wheat closed at $5.18/bushel, up $0.075 from yesterday's close.  Mar 26 Soybeans closed at $10.67/bushel, up $0.1075 from yesterday's close.  Mar 26 Soymeal closed at $305.4/short ton, up $5.9 from y...

FOB Prices and Freight Rates App (Updated 7 January)

WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “How To”...

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From WPI Consulting

Infrastructure investment due diligence

On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.

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