What You Need to Know Today:
The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Middle East peace/war dynamics and oil influence, but Wall Street is happy.
What You Need to Know About the Week:
Corn, beans, and wheat saw gains, except HRW, which lost some weather premium. It was the first week higher for corn and soybeans after two prior weeks of losses. After three weeks higher, soymeal lost ground this week. After two lower weeks, soyoil squeaked out a small gain. It was a second straight week of gains for SRW and HRS. Basis le...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
Let’s return briefly to the fake meat hype cycle, now sitting somewhere in a dusty corner of your mind, not entirely forgotten. What happened to all those products, known as plant-based alternative proteins? They were supposed to be as good as real meat—cheaper, more environmentally...
