World Perspectives

The Cost of COVID Recovery and the Economy

In his address to Congress this week, President Biden laid out two major initiatives, the American Families Plan and the American Jobs Plan. According to a White House fact sheet, the costs of those two items is $1.8 trillion and $2.5 trillion respectively. They would come on top of $5.984 trillion in COVID relief packages already passed by Congress. The sum total, were the Biden plans to pass, would be $10.284 trillion.   Just to put some context on this, according to Purdue University, a bushel of corn has about 90,000 kernels of corn in it. If corn kernels were dollars, a bushel of corn would be $90,000 (which makes $7 per bushel corn look bearish), 10.284 trillion corn kernels would be the equivalent of 114.275 billion bushel...

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Summary of Futures

Sep 25 Corn closed at $4.06/bushel, down $0.0325 from yesterday's close.  Sep 25 Wheat closed at $5.49/bushel, up $0.1075 from yesterday's close.  Nov 25 Soybeans closed at $10.2725/bushel, up $0.0025 from yesterday's close.  Dec 25 Soymeal closed at $287.6/short ton, down $1.7 f...

livestock

Feeder Cattle Import Update

As summer demand for beef is upon us, fed cattle hit $233 per cwt yesterday, having moved above $200 per cwt in April on tight supplies. The cattle herd as of 1 January was the smallest in more than 50 years, imports of feeder cattle from Mexico have been suspended due to the New World Screwwor...

Prop 12 Lives, Long Live Prop 12; Power of Ag; Trump Power

Prop 12 Lives, Long Live Prop 12 Delineating the Supremacy Clause of the U.S. Constitution from the rights of the states has long been a legal fight in the U.S. Thus, it was notable last night when the U.S. Senate voted 99-1 to remove language from the Big Beautiful Bill that would have restric...

feed-grains soy-oilseeds wheat

Summary of Futures

Sep 25 Corn closed at $4.06/bushel, down $0.0325 from yesterday's close.  Sep 25 Wheat closed at $5.49/bushel, up $0.1075 from yesterday's close.  Nov 25 Soybeans closed at $10.2725/bushel, up $0.0025 from yesterday's close.  Dec 25 Soymeal closed at $287.6/short ton, down $1.7 f...

livestock

Feeder Cattle Import Update

As summer demand for beef is upon us, fed cattle hit $233 per cwt yesterday, having moved above $200 per cwt in April on tight supplies. The cattle herd as of 1 January was the smallest in more than 50 years, imports of feeder cattle from Mexico have been suspended due to the New World Screwwor...

Prop 12 Lives, Long Live Prop 12; Power of Ag; Trump Power

Prop 12 Lives, Long Live Prop 12 Delineating the Supremacy Clause of the U.S. Constitution from the rights of the states has long been a legal fight in the U.S. Thus, it was notable last night when the U.S. Senate voted 99-1 to remove language from the Big Beautiful Bill that would have restric...

livestock

Livestock Industry Margins

Beef packer margins finally turned positive last week, the first time packers have made money killing cattle since last October. Margins swung dramatically from a -$131/head loss the prior week to a $15/head gain to close out June. The profits came from the sharp rally in beef prices, a $5/cwt...

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From WPI Consulting

Infrastructure investment due diligence

On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.

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