World Perspectives
livestock

Livestock Round Up: Higher Fed Cattle Prices and Feed Costs

Fed cattle prices are up, finally rebounding from the disruption to packing capacity constriction, large numbers of cattle on feed from drought conditions, and heavier slaughter weights.   Exports are behind last year’s pace; through September, year-to-date exports are 8 percent on volume and 9 percent in value, accounting for 13 percent of production and $5.55 billion, which is about $295 per head of fed slaughtered cattle. Seasonal demand for beef should pick up approaching the holidays. The news of a COVID vaccine approval was also positive for economic recovery and food service demand for muscle cuts regained traction. To date, ground beef from fast food and fast casual takeout have held up, but seated dining still has...

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feed-grains soy-oilseeds wheat

Market Commentary: Cattle Retreat on Import News; Corn Posts New Lows on Midwest Rains

With the June Acreage and Grain Stocks reports past, the CBOT resumed trading its favorite variable for the peak of summer – weather. For Tuesday’s trade, this meant a focus on five-year highs in corn ratings and an excellent outlook for the crop into mid-July at least, which were t...

feed-grains soy-oilseeds wheat

Summary of Futures

Sep 25 Corn closed at $4.06/bushel, down $0.0325 from yesterday's close.  Sep 25 Wheat closed at $5.49/bushel, up $0.1075 from yesterday's close.  Nov 25 Soybeans closed at $10.2725/bushel, up $0.0025 from yesterday's close.  Dec 25 Soymeal closed at $287.6/short ton, down $1.7 f...

livestock

Feeder Cattle Import Update

As summer demand for beef is upon us, fed cattle hit $233 per cwt yesterday, having moved above $200 per cwt in April on tight supplies. The cattle herd as of 1 January was the smallest in more than 50 years, imports of feeder cattle from Mexico have been suspended due to the New World Screwwor...

feed-grains soy-oilseeds wheat

Market Commentary: Cattle Retreat on Import News; Corn Posts New Lows on Midwest Rains

With the June Acreage and Grain Stocks reports past, the CBOT resumed trading its favorite variable for the peak of summer – weather. For Tuesday’s trade, this meant a focus on five-year highs in corn ratings and an excellent outlook for the crop into mid-July at least, which were t...

feed-grains soy-oilseeds wheat

Summary of Futures

Sep 25 Corn closed at $4.06/bushel, down $0.0325 from yesterday's close.  Sep 25 Wheat closed at $5.49/bushel, up $0.1075 from yesterday's close.  Nov 25 Soybeans closed at $10.2725/bushel, up $0.0025 from yesterday's close.  Dec 25 Soymeal closed at $287.6/short ton, down $1.7 f...

livestock

Feeder Cattle Import Update

As summer demand for beef is upon us, fed cattle hit $233 per cwt yesterday, having moved above $200 per cwt in April on tight supplies. The cattle herd as of 1 January was the smallest in more than 50 years, imports of feeder cattle from Mexico have been suspended due to the New World Screwwor...

Prop 12 Lives, Long Live Prop 12; Power of Ag; Trump Power

Prop 12 Lives, Long Live Prop 12 Delineating the Supremacy Clause of the U.S. Constitution from the rights of the states has long been a legal fight in the U.S. Thus, it was notable last night when the U.S. Senate voted 99-1 to remove language from the Big Beautiful Bill that would have restric...

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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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