World Perspectives
livestock

North American Live Animal Trade

USDA released monthly trade data today, including live animal trade in North America. Feeder calves from Mexico through May, at 372,342 head are down 31 percent; feeder calves from Canada at 119,071 head are up more than 200 percent. Feed shortages, drought, and rail problems transporting feed have impacted the Canadian shipments to the U.S.  For Mexican feeders, the five-year 2016-2020 average has been about 548,538 head for the January through May period; last year imports were down slightly from that average, but this year have dropped more than 40 percent.  There are likely a few things going on affecting imports of Mexican feeder calves. Typically, more than a third of those cattle imported are 400 pounds or less and go t...

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Summary of Futures

Sep 25 Corn closed at $4.0925/bushel, down $0.0225 from yesterday's close.  Sep 25 Wheat closed at $5.3825/bushel, down $0.025 from yesterday's close.  Nov 25 Soybeans closed at $10.27/bushel, up $0.0225 from yesterday's close.  Aug 25 Soymeal closed at $275.8/short ton, up $0.2...

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From WPI Consulting

Communicating importance of value-added products

Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.

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