World Perspectives
livestock

Livestock Roundup: Cattle on Feed Preview

USDA will release its Cattle on Feed report tomorrow; the consensus pre-report analysts’ estimate is for the inventory of cattle on feed to be 101 percent of the prior year. This would be the sixth consecutive month that inventories were equal to or larger than the previous year. Prior to that, from September 2022 to September 2023 feedlot inventories were below year ago levels.  The analysts’ pre-report estimates have marketings at 104 percent of last year and placements at 106 percent of last year, the latter coming in a range of 103 to 109 percent of 2023. For both, note that this is a leap year with an extra day in February. Likewise for placements, feeder cattle imports are running ahead of last year. However, as...

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feed-grains soy-oilseeds wheat

Market Commentary: Corn and Beans Bravely Higher Ahead of the WASDE

The U.S. government reopened today and the data fog partially lifted in Washington. However, many economic reports will first require time to repopulate their databases. USDA made the decision to publish the November WASDE tomorrow ahead of the agreement to reopen the government and traders spe...

soy-oilseeds

Pre-WASDE Cash Market Soybean Signals

Writing about what the markets say will happen the day before a major USDA report is always a risky - but still useful - endeavor. This year, the recent U.S. government shutdown and U.S.-China trade war/trade deal intensify these dynamics of risk and worthiness. The shutdown, of course, by remo...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.415/bushel, up $0.0625 from yesterday's close.  Dec 25 Wheat closed at $5.3575/bushel, down $0.0025 from yesterday's close.  Jan 26 Soybeans closed at $11.47/bushel, up $0.1325 from yesterday's close.  Dec 25 Soymeal closed at $328.4/short ton, up $7.4 fr...

feed-grains soy-oilseeds wheat

Market Commentary: Corn and Beans Bravely Higher Ahead of the WASDE

The U.S. government reopened today and the data fog partially lifted in Washington. However, many economic reports will first require time to repopulate their databases. USDA made the decision to publish the November WASDE tomorrow ahead of the agreement to reopen the government and traders spe...

soy-oilseeds

Pre-WASDE Cash Market Soybean Signals

Writing about what the markets say will happen the day before a major USDA report is always a risky - but still useful - endeavor. This year, the recent U.S. government shutdown and U.S.-China trade war/trade deal intensify these dynamics of risk and worthiness. The shutdown, of course, by remo...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.415/bushel, up $0.0625 from yesterday's close.  Dec 25 Wheat closed at $5.3575/bushel, down $0.0025 from yesterday's close.  Jan 26 Soybeans closed at $11.47/bushel, up $0.1325 from yesterday's close.  Dec 25 Soymeal closed at $328.4/short ton, up $7.4 fr...

livestock

Livestock Roundup: Making Sense of Cattle Markets

The first bit of news is the government shutdown has ended. The House voted 222 to 209 to pass the spending package that will lead to the government re-opening through 30 January. Six Democrats voted “yes”, and two Republicans voted “no” on an otherwise party line vote...

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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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