World Perspectives
livestock

Livestock Roundup: Cattle and Beef Imports

High cattle and beef prices are supporting imports. First, cattle imports through July are up 22.6 percent compared to last year. Imports from Canada are up 18.1 percent and imports from Mexico have increased 25.2 percent over the same period.    This trend of increased imports certainly has played some role in maintaining on-feed inventories and placements throughout this year. Mexico is still experiencing drought conditions that have likely catalyzed more shipments of feeders to the U.S., especially with current feeder cattle prices. Feeder calf prices softened some in August but still remain above year-ago levels. Beef imports are up 20.1 percent through July compared to the 2023 January through July period. Most notably, b...

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livestock

Livestock Roundup: Cattle on Feed Preview

USDA’s monthly Cattle on Feed report will be released tomorrow. Analysts’ pre-report consensus estimates are for the total inventory on feed to be 99.1 percent of last year with the range of estimates between 98.7 and 99.7 percent of 1 September 2024. Those estimates imply an on-fee...

feed-grains soy-oilseeds wheat

Market Commentary: Markets Hopeful but Guarded on China; CBOT Falls on Demand Worries

Technical selling, disappointment with the USDA’s latest policy moves, and favorable rains across the Midwest took a bearish toll on the CBOT markets Wednesday. The Federal Reserve, as expected, cut interest rates today and signaled a more dovish approach for the next several months, whic...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.2675/bushel, down $0.0275 from yesterday's close.  Dec 25 Wheat closed at $5.2825/bushel, down $0.0575 from yesterday's close.  Nov 25 Soybeans closed at $10.4375/bushel, down $0.06 from yesterday's close.  Dec 25 Soymeal closed at $285.7/short ton, down...

livestock

Livestock Roundup: Cattle on Feed Preview

USDA’s monthly Cattle on Feed report will be released tomorrow. Analysts’ pre-report consensus estimates are for the total inventory on feed to be 99.1 percent of last year with the range of estimates between 98.7 and 99.7 percent of 1 September 2024. Those estimates imply an on-fee...

feed-grains soy-oilseeds wheat

Market Commentary: Markets Hopeful but Guarded on China; CBOT Falls on Demand Worries

Technical selling, disappointment with the USDA’s latest policy moves, and favorable rains across the Midwest took a bearish toll on the CBOT markets Wednesday. The Federal Reserve, as expected, cut interest rates today and signaled a more dovish approach for the next several months, whic...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.2675/bushel, down $0.0275 from yesterday's close.  Dec 25 Wheat closed at $5.2825/bushel, down $0.0575 from yesterday's close.  Nov 25 Soybeans closed at $10.4375/bushel, down $0.06 from yesterday's close.  Dec 25 Soymeal closed at $285.7/short ton, down...

WTO and Trump; Analytically Correct, Predictably Wrong

WTO and Trump To quote Wikipedia, James Bacchus is “an American statesman, scholar, writer, and politician". He also served as a founding member and twice chairman of the WTO’s Appellate Body. He now writes from the Libertarian Cato Institute and provocatively asks why the WTO is no...

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From WPI Consulting

Accountability and a comprehensive approach to export programming

WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.

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