A lot of money won and lost after the reports were issued yesterday. The drive up in corn prices hammered feeder cattle and lean hog values. No new highs were established but limits up were reached and new trading limits were established for today. Volumes were generally huge yesterday and they remained quite large today. Expectations were that today could be more of the same and it started out that way, but it was April Fool’s Day, and it turns out the expanded daily limits were unnecessary. Money became more sophisticated today, realizing smaller future crops should impact nearby consumables and so the market took back from the nearby and added to new crop contracts. Well, except for wheat, which rode the coattails of c...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.