What You Need to Know Today:
The U.S. and Iran exchanged strikes, with the U.S. hitting Iranian bridges, energy sites, and military infrastructure. Iran launched a missile into Kuwait that damaged a desalination plant. Crude oil futures surged on heightened Middle East tensions, providing support to energy-linked markets and biofuel feedstocks. New-crop soybean sales continue to flourish, with 707 KMT worth of flash sales announced today by the USDA. Cattle markets continued to shed their New World screwworm risk premium, while hogs remained supported by strong pork demand.
Outside Markets Crude oil futures surged nearly 4 percent today as escalating U.S.-Iran tensions increased concerns over potential disruptions to Middle East energy in...
What You Need to Know Today: U.S. and Chinese officials are expected to discuss agriculture and non-tariff trade barriers ahead of Chinese President Xi Jinping’s visit to Washington later this month, potentially opening the door to additional U.S. agricultural purchases or improved marke...
The U.S. will observe Labor Day on Monday, 7 September. U.S. markets and the WPI office will be closed that day. The next edition of Ag Perspectives will be published Tuesday, 8 September...
Key Takeaways: Drought and changes to the multi-year trend in cow slaughter and retention have the potential to dramatically alter beef trim supplies and pricing, and WPI specifically models three different drought scenarios for fall 2026. Based on our models, WPI expects 90 percent lean...
