World Perspectives
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Summary of Futures

Jul 24 Corn closed at $4.6125/bushel, up $0.0325 from yesterday's close.  Jul 24 Wheat closed at $6.93/bushel, down $0.045 from yesterday's close.  Jul 24 Soybeans closed at $12.4625/bushel, up $0.1 from yesterday's close.  Jul 24 Soymeal closed at $378.2/short ton, up $5.9 from yesterday's close.  Jul 24 Soyoil closed at 45.88 cents/lb up 0.07 cents from yesterday's close.  Aug 24 Live Cattle closed at $181.675/cwt up $1.25 from yesterday's close.  Aug 24 Feeder Cattle closed at $262.9/cwt up $3.075 from yesterday's close.  Jun 24 Lean Hogs closed at $95.4/cwt down $1 from yesterday's close.  Jul 24 WTI Crude Oil closed at $77.28/barrel down $1.38 from yesterday's close.   ...

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Cow-Calf Margins Steady in November, Herd Expansion Still Likely

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McSustainability Through Feed Efficiency

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Livestock Roundup: Turkey Production Adjusted Down

Turkey production in August totaled 434.7 million pounds, slightly above July production but down 11 percent year-over-year. August slaughter was down 15 percent year-over-year, but heavier weights in August (32.25 pounds) offset the reduced slaughter. Based on the August production data, estim...

livestock

Cow-Calf Margins Steady in November, Herd Expansion Still Likely

Despite recent decreases in feeder cattle futures and rising feedstuff costs, estimated cow-calf producer margins are largely unchanged from WPI’s October estimate. The stable and positive financial environment means that producers are still facing strong financial incentives to expand the U.S...

livestock

McSustainability Through Feed Efficiency

McDonalds has entered the sustainability space by partnering with Syngenta and paying cattle producers to use Syngenta’s Enogen Trait corn to improve feed efficiency. Enogen corn contains an enzyme, alpha amylase. This enzyme has been added during the ethanol production process to induce starch...

livestock

Livestock Roundup: Turkey Production Adjusted Down

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FOB Prices and Freight Rates App (Updated 15 November)

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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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