World Perspectives
livestock

New Meat Giant Created in Brazil; Most of Revenue from U.S.

While the MAHA report from Health and Human Services Secretary Robert F. Kennedy, Jr. still cites consolidation in the meat packing sector, Brazil’s competition regulator, the Administrative Council for Economic Defense (CADE), has approved a merger of two major Brazilian meat processors, Marfrig and BRF. That merger would create a new global giant in the protein space. Estimated annual revenues would be $28 billion. The merger proceeded with no restrictions from CADE. The approval will be finalized on 18 June when the window closes for appeals against the finding that the merger does not threaten competition. Shareholders of both companies are scheduled to meet on that day to complete the transaction, which will be done in July. ...

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WPI Grain Transportation Report

Dry Bulk Markets  The dry bulk market rally of the past two weeks has ended with rates turning softer this week. The Capesize sector – which lead the recent rally – is now leading the way lower with the Panamax sector in tow. The reason for the weaker rates is that fresh cargo...

feed-grains soy-oilseeds wheat

Market Commentary: New Highs and Lows, Mixed Volume and Results

December corn closed higher for a second session in a row, no doubt aided by the daily export sales reported by USDA. By contrast and since its recent high back on 18 July, both the September and November soybean contracts have closed lower each session but one.   There was higher vol...

livestock

Livestock Roundup: Cage-Free Egg Trend Complicates HPAI Recovery

USDA released its Egg Products report yesterday. Shell eggs broken totaled 199 million dozen during June 2025, down 2 percent from June 2024, but 2 percent above the 194 million dozen broken during May. During calendar year 2025 through June, shell eggs broken totaled 1.15 billion dozen, down 1...

WPI Grain Transportation Report

Dry Bulk Markets  The dry bulk market rally of the past two weeks has ended with rates turning softer this week. The Capesize sector – which lead the recent rally – is now leading the way lower with the Panamax sector in tow. The reason for the weaker rates is that fresh cargo...

feed-grains soy-oilseeds wheat

Market Commentary: New Highs and Lows, Mixed Volume and Results

December corn closed higher for a second session in a row, no doubt aided by the daily export sales reported by USDA. By contrast and since its recent high back on 18 July, both the September and November soybean contracts have closed lower each session but one.   There was higher vol...

livestock

Livestock Roundup: Cage-Free Egg Trend Complicates HPAI Recovery

USDA released its Egg Products report yesterday. Shell eggs broken totaled 199 million dozen during June 2025, down 2 percent from June 2024, but 2 percent above the 194 million dozen broken during May. During calendar year 2025 through June, shell eggs broken totaled 1.15 billion dozen, down 1...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.1375/bushel, up $0.015 from yesterday's close.  Sep 25 Wheat closed at $5.2325/bushel, down $0.005 from yesterday's close.  Nov 25 Soybeans closed at $9.8925/bushel, down $0.065 from yesterday's close.  Dec 25 Soymeal closed at $276/short ton, up $1.5 fro...

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From WPI Consulting

Illuminating the value of technical research

On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.

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