World Perspectives
livestock

Livestock Roundup: Cattle on Feed Preview; FDA Label Guidance on Plant-Based Milk

USDA will release its Cattle on Feed report tomorrow; analysts’ pre-report estimates peg the total number of cattle on feed as of 1 February at 96 percent of February 2022. Last February was the record for February feed yard inventory. This would be the fourth consecutive month where on-feed inventories are lower than year ago levels. Placements were forecast to be 97 percent of last year and marketings at 104 percent of last year. The ranges of estimates were relatively tight with the most variance in the placement category as typical.   Yesterday, the FDA released a draft guidance on the labeling of plant-based milk alternatives. The guidance did not address meat alternative labeling, however. In 2018, the FDA reques...

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feed-grains soy-oilseeds wheat

Market Commentary: Grain Futures Buying Demand; Livestock Futures Buying Time

Bears were in control of the CBOT again on Monday with technical pressure and bearish fundamental headlines driving prices lower. Soybeans and wheat were the downside leaders for the day as funds accelerated their exit from long positions in these markets amid the chart weakness. Corn futures s...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.3975/bushel, down $0.01 from yesterday's close.  Mar 26 Wheat closed at $5.2075/bushel, down $0.085 from yesterday's close.  Jan 26 Soybeans closed at $10.7175/bushel, down $0.05 from yesterday's close.  Jan 26 Soymeal closed at $303.5/short ton, up $1 fr...

Farmer Bridge Assistance Program Early Details

The USDA will base the $12 billion in farmer payments it recently announced under the Farmer Bridge Assistance (FBA) program on 2025 planted acreage. The department announced that acreage reports, as of 19 December, by 5 p.m., should be “accurate.” Payment rates will be announced th...

feed-grains soy-oilseeds wheat

Market Commentary: Grain Futures Buying Demand; Livestock Futures Buying Time

Bears were in control of the CBOT again on Monday with technical pressure and bearish fundamental headlines driving prices lower. Soybeans and wheat were the downside leaders for the day as funds accelerated their exit from long positions in these markets amid the chart weakness. Corn futures s...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.3975/bushel, down $0.01 from yesterday's close.  Mar 26 Wheat closed at $5.2075/bushel, down $0.085 from yesterday's close.  Jan 26 Soybeans closed at $10.7175/bushel, down $0.05 from yesterday's close.  Jan 26 Soymeal closed at $303.5/short ton, up $1 fr...

Farmer Bridge Assistance Program Early Details

The USDA will base the $12 billion in farmer payments it recently announced under the Farmer Bridge Assistance (FBA) program on 2025 planted acreage. The department announced that acreage reports, as of 19 December, by 5 p.m., should be “accurate.” Payment rates will be announced th...

feed-grains soy-oilseeds wheat

Market Commentary: Bear, Bear, Every Where a Bear

Today was National Poinsettia Day, a plant that is supposed to symbolize goodwill and success but that is only true for the bears today.  There was red all over Chicago and New York as investors counted their blessings of too much grain and too much risk. The only thing rising in value was...

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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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