World Perspectives
livestock

Livestock Roundup: Livestock Shedding Pounds?; Pork Plant Line Speed Rule Blocked

Livestock Shedding Pounds? Hog producers have been caught in a whipsaw of low hog prices due to tariffs, a dramatic rally (given the African swine fever situation in China that has since ebbed), and now rising feed costs due to the uncertain planting situation. In short, corn prices are likely to put a squeeze on hog producers, and market weight is one of the variables that is most under feeders’ control in the short run. Slaughter weights are still running at 287 pounds. Given a projected increase of 4.4 percent in pork production for the second half of 2019, an across-the-board drop of 4 pounds in average slaughter weight could reduce supplies by about 1.4 percent by bringing production down to about 13.74 billion pounds for that...

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feed-grains soy-oilseeds wheat

Market Commentary: CBOT Falls on Stronger Dollar, Technical Trade; NOPA Crush Sets Record

The CBOT was mostly lower to start the week with a rising U.S. dollar and favorable weather for the U.S. and South America pressuring values. Some jitters over the weekend developments in the Middle East also kept markets on the defensive, though crude oil prices slipped lower despite the incre...

Farm Bill and Prop 12 Federal Preemption

House Agriculture Committee Chairman Glenn Thompson (R-Pennsylvania) has stated that he will move a farm bill draft out of committee in May; the Ranking Minority Member, David Scott (D-Georgia) has indicated that he’ll work with Thompson to have a bipartisan timeline to work on the legisl...

feed-grains soy-oilseeds wheat

WPI Crop Progress and Conditions App (Updated 15 April)

Update for 1 April 2024: Last year, users pointed out differences between the 5-year averages reported in this app and what USDA estimates in its weekly report. The difference exists because WPI calculates average based on the last 5 years of observations for the current week. In cases where ob...

feed-grains soy-oilseeds wheat

Market Commentary: CBOT Falls on Stronger Dollar, Technical Trade; NOPA Crush Sets Record

The CBOT was mostly lower to start the week with a rising U.S. dollar and favorable weather for the U.S. and South America pressuring values. Some jitters over the weekend developments in the Middle East also kept markets on the defensive, though crude oil prices slipped lower despite the incre...

Farm Bill and Prop 12 Federal Preemption

House Agriculture Committee Chairman Glenn Thompson (R-Pennsylvania) has stated that he will move a farm bill draft out of committee in May; the Ranking Minority Member, David Scott (D-Georgia) has indicated that he’ll work with Thompson to have a bipartisan timeline to work on the legisl...

feed-grains soy-oilseeds wheat

WPI Crop Progress and Conditions App (Updated 15 April)

Update for 1 April 2024: Last year, users pointed out differences between the 5-year averages reported in this app and what USDA estimates in its weekly report. The difference exists because WPI calculates average based on the last 5 years of observations for the current week. In cases where ob...

feed-grains soy-oilseeds wheat

Summary of Futures

May 24 Corn closed at $4.315/bushel, down $0.04 from yesterday's close.  May 24 Wheat closed at $5.5175/bushel, down $0.0425 from yesterday's close.  May 24 Soybeans closed at $11.5825/bushel, down $0.1575 from yesterday's close.  May 24 Soymeal closed at $338.5/short ton, down $...

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Accountability and a comprehensive approach to export programming

WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.

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