World Perspectives
livestock

Livestock Roundup: Cattle on Feed Preview

USDA will release its Cattle on Feed report tomorrow; analysts’ pre-report estimates peg the total number of cattle on feed as of 1 August at 98.4 percent of August 2022. This would be the 10th consecutive month where on-feed inventories are lower than prior year levels, stretching back to late 2022. Placements during July for the 1 August inventory are forecast to be 94.5 percent of last year and the only category to have a range of more than one percentage point. July is typically a low point for cattle placements, but the pre-report estimate would be the lowest for the month in six years. Note placements have surprised to the upside of the pre-report analysts’ consensus estimates for the past four consecutive months. Given...

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Market Commentary: CBOT Rises as Precipitation Forecasts Fall

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Congress Certifies 2024 Election

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feed-grains soy-oilseeds wheat

Summary of Futures

Mar 25 Corn closed at $4.5775/bushel, up $0.07 from yesterday's close. Mar 25 Wheat closed at $5.405/bushel, up $0.1125 from yesterday's close. Mar 25 Soybeans closed at $9.9775/bushel, up $0.06 from yesterday's close. Mar 25 Soymeal closed at $307.3/short ton, down $1.3 from yes...

feed-grains soy-oilseeds wheat

Market Commentary: CBOT Rises as Precipitation Forecasts Fall

The CBOT tried – and mostly succeeded – to reverse Friday’s selloff with corn, wheat, and the soy complex all turning higher to start the first full trading week of 2025. The fundamental catalysts for the day’s strength were the slide in the U.S. dollar, thanks to more trade-friendly (or at lea...

Congress Certifies 2024 Election

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feed-grains soy-oilseeds wheat

Summary of Futures

Mar 25 Corn closed at $4.5775/bushel, up $0.07 from yesterday's close. Mar 25 Wheat closed at $5.405/bushel, up $0.1125 from yesterday's close. Mar 25 Soybeans closed at $9.9775/bushel, up $0.06 from yesterday's close. Mar 25 Soymeal closed at $307.3/short ton, down $1.3 from yes...

Another Trump Threat; UPF Threat; AI Threat; Africa-Land of Opportunity

Another Trump ThreatThe farm community supported Donald Trump’s election despite his pledge of tariffs that will no doubt cause retaliation against U.S. exports. Then he nominated food sector critic Robert F. Kennedy, Jr. to oversee the safety of the industry. Trump himself had signed the Preve...

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