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Yesterday, the FDA released a draft guidance on the labeling of plant-based milk alternatives.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...

Related Articles
feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.4025/bushel, down $0.0075 from yesterday's close.  May 26 Wheat closed at $5.8225/bushel, up $0.1125 from yesterday's close.  May 26 Soybeans closed at $11.6225/bushel, down $0.135 from yesterday's close.  May 26 Soymeal closed at $331.9/short ton, up $0...

feed-grains soy-oilseeds wheat

Market Commentary: Political Tail Still Wagging the Market Dog

Politics are once again the tail wagging the dog in commodity markets. U.S. negotiations with Iran fell apart (again) over the weekend after Iran refused to agree to a permanent end of its nuclear weapons program. Rather than a return to the recent status quo, however, markets are adjusting to...

energy

War Impacts

Commodity markets were mixed today, while Wall Street traded higher after President Trump said the Iranians still want to negotiate after he closed the Strait of Hormuz. The result is baffling to some, but the market reflects investor expectations about future corporate earnings and growth rath...

feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.4025/bushel, down $0.0075 from yesterday's close.  May 26 Wheat closed at $5.8225/bushel, up $0.1125 from yesterday's close.  May 26 Soybeans closed at $11.6225/bushel, down $0.135 from yesterday's close.  May 26 Soymeal closed at $331.9/short ton, up $0...

feed-grains soy-oilseeds wheat

Market Commentary: Political Tail Still Wagging the Market Dog

Politics are once again the tail wagging the dog in commodity markets. U.S. negotiations with Iran fell apart (again) over the weekend after Iran refused to agree to a permanent end of its nuclear weapons program. Rather than a return to the recent status quo, however, markets are adjusting to...

energy

War Impacts

Commodity markets were mixed today, while Wall Street traded higher after President Trump said the Iranians still want to negotiate after he closed the Strait of Hormuz. The result is baffling to some, but the market reflects investor expectations about future corporate earnings and growth rath...

livestock

JBS Strike Settled, Beef Sector Still Under Inflationary Pressure

JBS USA announced on Sunday that it has reached a new collective bargaining agreement with UFCW Local 7, allowing the Greeley beef production facility to return to normal operations. The plant had been on strike since 16 March, with approximately 3,800 workers affected. The plant has the capaci...

Image
From WPI Consulting

Weighing in on strategic realignment

WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.

Search World Perspectives

Sign In to World Perspectives

Don’t have an account yet? Sign Up