World Perspectives
livestock

Livestock Roundup: Ground Beef Clear of HPAI

Live cattle and feeder cattle futures rallied today after feeling the pressure of news and speculation about HPAI. As WPI reported previously, USDA announced on Tuesday it would be testing ground beef in states where dairy cattle herds had tested positive for the H5N1 strain of bird flu. The samples were collected by FSIS and sent to APHIS’ National Veterinary Services Laboratories (NVSL) for PCR testing. Yesterday afternoon, USDA reported that all samples tested negative for H5N1. USDA’s announcement included the statement, “These results reaffirm that the meat supply is safe.”   From there it was off to the races for the futures market with cattle futures back to trading in the ranges set in April. ...

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feed-grains soy-oilseeds wheat

Market Commentary: A Breather in the Market

There was little pushing the market one way or another today, other than a sense that things had been pushed high enough for now. The open was mostly higher but that softened not long after the open. The run-up in prices last week led to farmer selling, and so this was a third day of selling co...

livestock

Livestock Roundup: Pork Demand Rebound

Going into the summer, a big question for meat has been: how will consumer demand hold up? This is especially the case with steadily increasing beef prices.   The pork cutout trends show that pork demand has improved, which is a positive sign going into June and July when the cutout i...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 24 Corn closed at $4.57/bushel, down $0.055 from yesterday's close.  Jul 24 Wheat closed at $6.6325/bushel, down $0.025 from yesterday's close.  Jul 24 Soybeans closed at $12.1625/bushel, up $0.0275 from yesterday's close.  Jul 24 Soymeal closed at $367.7/short ton, down $4 f...

feed-grains soy-oilseeds wheat

Market Commentary: A Breather in the Market

There was little pushing the market one way or another today, other than a sense that things had been pushed high enough for now. The open was mostly higher but that softened not long after the open. The run-up in prices last week led to farmer selling, and so this was a third day of selling co...

livestock

Livestock Roundup: Pork Demand Rebound

Going into the summer, a big question for meat has been: how will consumer demand hold up? This is especially the case with steadily increasing beef prices.   The pork cutout trends show that pork demand has improved, which is a positive sign going into June and July when the cutout i...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 24 Corn closed at $4.57/bushel, down $0.055 from yesterday's close.  Jul 24 Wheat closed at $6.6325/bushel, down $0.025 from yesterday's close.  Jul 24 Soybeans closed at $12.1625/bushel, up $0.0275 from yesterday's close.  Jul 24 Soymeal closed at $367.7/short ton, down $4 f...

China Retaliation?; WTO Dispute System Not Urgent

China Retaliation? The assumption is that China will retaliate against U.S. agriculture for any new tariffs applied to Chinese goods by President Biden under Section 301. But at least one American expert on China doesn’t think that is a given. Under this construct, Beijing views the new t...

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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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