World Perspectives
livestock

Neutral Cattle on Feed Report

USDA released the monthly Cattle on Feed report today. All categories came in near expectations, making the report neutral.

August placements at 1.98 million head were above the average for the month during this cattle cycle of 1.93 million head, but still below last year. As WPI noted yesterday in its report preview, feeder cattle sales in August were down from year-ago volumes, but lower feed costs, more dry conditions, and higher feeder cattle imports from Mexico likely put a floor on the volume. 

August marketings as a percentage of inventory was 16.2 percent, up from 16.7 in July. Last year saw marketings as a percent of inventory at 16.9 percent. On a daily basis, marketings were 82,636 in August compared to 81,957 in Aug...

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Summary of Futures

May 26 Corn closed at $4.465/bushel, up $0.0075 from yesterday's close.  May 26 Wheat closed at $5.74/bushel, down $0.0325 from yesterday's close.  May 26 Soybeans closed at $11.705/bushel, up $0.065 from yesterday's close.  May 26 Soymeal closed at $314.7/short ton, up $1.8 from...

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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.

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