World Perspectives
livestock

WASDE Livestock Projections

Today’s WASDE made marginal changes to the projections for red meat and broiler production for the second half of the year.    The beef forecast is up from last month on expected slaughter totals, which is offsetting the smaller gap in weights compared to last year. In July, slaughter weights were 39 pounds heavier than in 2023; so far this month they are about 29 pounds heavier. With the corn outlook in today’s WASDE, slaughter weights could increase again impacting overall beef production. While beef production so far this year is down only 1.4 percent to date on the year (forecast down 0.9 percent year-over-year) with slaughter down 4.3 percent year to date, as herd rebuilding starts, fewer heifers will be avail...

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Export Sales Bouy Grains; Argy Weather, Slow Exports Sink Soybeans

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Summary of Futures

Mar 25 Corn closed at $4.54/bushel, up $0.0025 from yesterday's close. Mar 25 Wheat closed at $5.465/bushel, up $0.055 from yesterday's close. Mar 25 Soybeans closed at $9.8975/bushel, down $0.075 from yesterday's close. Mar 25 Soymeal closed at $310.5/short ton, down $4.4 from y...

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Argentine Weather Emboldens CBOT Bulls

The CBOT found its way to higher ground on Thursday after an old-school hard opening with no overnight session to guide the market. Argentina’s weather is starting to become more impactful for grain futures as dryness persists into the mid-January forecast, which could disrupt early corn and so...

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Export Sales Bouy Grains; Argy Weather, Slow Exports Sink Soybeans

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livestock

Livestock Roundup: Butterfat Boom

As WPI reported on 2 July, USDA released its proposed Federal Milk Marketing Order (FMMO) reforms; the final proposal was released in early November 2024.  This final proposal will now go to producer referenda in each of the 11 FMMO regions. Producers whose milk was pooled in January...

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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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