World Perspectives
livestock

Preliminary 10-Year Baseline; Japan May Extend Safeguard Tariff on Beef

USDA Preliminary 10-Year Baseline USDA issues a 10-year baseline report each year in February. This week, however, it released its early projections for the 2018-2027 report, which were based on a “composite of model results and judgment-based analyses” prepared during October and using the 9 November WASDE as the current year starting point. The baseline will be subject to revision by February, but some highlights of the early projections include the following: Beef production will expand 15 percent, and feeder calf prices will drop 27 percent. Pork production will increase 17 percent, and the national hog price will rise 3 percent. Broiler production will expand 12 percent, and the farm price for contract broilers will inc...

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feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.555/bushel, up $0.0125 from yesterday's close.  Jul 26 Wheat closed at $6.2025/bushel, up $0.1325 from yesterday's close.  May 26 Soybeans closed at $11.5975/bushel, down $0.0475 from yesterday's close.  Jul 26 Soymeal closed at $316.5/short ton, up $0.2...

feed-grains soy-oilseeds wheat

Market Commentary: War Sustains Wheat; Corn Up Fifth Day

The Middle East truce is a rough one and the uncertainty spiked oil prices and the dollar again for another day. The wheat market has droughty conditions in the U.S., but globally there is pressure on a crop that gets both its fertilizer and a chunk of its demand from this volatile region. ...

livestock

Rotisserie Chicken Proposed to be Allowed Under SNAP

Senators Jim Justice (D-West Virginia), John Fetterman (D-Pennsylvania), Shelley Moore Capito (R-West Virginia), and Michael Bennet (D-Colorado) introduced the Hot Rotisserie Chicken Act, which would allow Supplemental Nutrition Assistance Program (SNAP) participants to purchase hot rotisserie...

feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.555/bushel, up $0.0125 from yesterday's close.  Jul 26 Wheat closed at $6.2025/bushel, up $0.1325 from yesterday's close.  May 26 Soybeans closed at $11.5975/bushel, down $0.0475 from yesterday's close.  Jul 26 Soymeal closed at $316.5/short ton, up $0.2...

feed-grains soy-oilseeds wheat

Market Commentary: War Sustains Wheat; Corn Up Fifth Day

The Middle East truce is a rough one and the uncertainty spiked oil prices and the dollar again for another day. The wheat market has droughty conditions in the U.S., but globally there is pressure on a crop that gets both its fertilizer and a chunk of its demand from this volatile region. ...

livestock

Rotisserie Chicken Proposed to be Allowed Under SNAP

Senators Jim Justice (D-West Virginia), John Fetterman (D-Pennsylvania), Shelley Moore Capito (R-West Virginia), and Michael Bennet (D-Colorado) introduced the Hot Rotisserie Chicken Act, which would allow Supplemental Nutrition Assistance Program (SNAP) participants to purchase hot rotisserie...

livestock

Early 2026 Projections of Cow-Calf Finances

Key Takeaways: Despite rising cost pressures — including the recent run-up in fuel and energy costs — U.S. cow-calf producers are facing another year of record-breaking revenues and net returns for 2026. Cost pressures — particularly non-feed variable costs — and drough...

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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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