World Perspectives

Beef with Oil; Carbon Trouble

Beef with Oil The Biden Administration dislikes the oil industry as much or more than Big Beef. After stating the goals of ending drilling on public lands, blocking some new pipelines and then watching fuel prices skyrocket, White House Chief of Staff Ron Klain talked about banning oil and gas exports. Notably, oil exports rose by 2 percent in 2021 and liquified natural gas by 12 percent. But U.S. beef exports were up 16 percent in volume and 39 percent in value. However, unlike oil and gas, beef exports would be covered under the Contract Sanctity provision enacted into law following the grain embargo against the Soviet Union. It would require the President to declare a national emergency to stop beef exports and require the honoring of a...

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livestock

Cattle on Feed

U.S. Cattle on Feed Up 1 Percent: Cattle on feed for the slaughter in the United States for feedlots with capacity of 1,000 or more head totaled 12.0 million head on January 1, 2022. Placements in feedlots during December totaled 1.96 million head - 6 percent above 2020.  Marketings of fe...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 22 Corn closed at $6.1625/bushel, up $0.0525 from yesterday's close.  Mar 22 Wheat closed at $7.8/bushel, down $0.1025 from yesterday's close.  Mar 22 Soybeans closed at $14.1425/bushel, down $0.115 from yesterday's close.  Mar 22 Soymeal closed at $392.7/short ton, down $8.1...

feed-grains soy-oilseeds wheat

Market Commentary: Corn, Soyoil, Hogs Post Bullish Days; Soybeans, Wheat Fall on Profit Taking

The CBOT traded a mixed day to end a volatile and mostly bullish week. Corn and lean hog futures rallied with March corn posting a new seven-month high and hog futures posting fresh contract highs. Soybeans and wheat, however, could not match the bullishness of the corn market and ended lower i...

livestock

Cattle on Feed

U.S. Cattle on Feed Up 1 Percent: Cattle on feed for the slaughter in the United States for feedlots with capacity of 1,000 or more head totaled 12.0 million head on January 1, 2022. Placements in feedlots during December totaled 1.96 million head - 6 percent above 2020.  Marketings of fe...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 22 Corn closed at $6.1625/bushel, up $0.0525 from yesterday's close.  Mar 22 Wheat closed at $7.8/bushel, down $0.1025 from yesterday's close.  Mar 22 Soybeans closed at $14.1425/bushel, down $0.115 from yesterday's close.  Mar 22 Soymeal closed at $392.7/short ton, down $8.1...

feed-grains soy-oilseeds wheat

Market Commentary: Corn, Soyoil, Hogs Post Bullish Days; Soybeans, Wheat Fall on Profit Taking

The CBOT traded a mixed day to end a volatile and mostly bullish week. Corn and lean hog futures rallied with March corn posting a new seven-month high and hog futures posting fresh contract highs. Soybeans and wheat, however, could not match the bullishness of the corn market and ended lower i...

livestock

COF: Record December Placements

USDA released its monthly cattle on feed report; it was on the bearish side with record placements for December that were well above pre-report expectations and marketings 1 percent below pre-report forecasts falling below current. Average daily marketings were 84,409 in December based on 22 w...

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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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