World Perspectives

Livestock Recent Livestock Analysis

livestock

1 March Cattle on Feed Report

USDA today released the monthly Cattle on Feed (COF) report for 1 March. It showed the total inventory in feedlots of 1,000 head or more capacity was 1.8 million, the 27th straight month of year-over-year increases. Marketings were essentially flat, up only 8,000 head (or less than a half-perc...

feed-grains soy-oilseeds wheat

Market Commentary

Corn and wheat markets were firm overnight, while the soy complex was weaker. That was the pattern for much of today’s markets as well. Cool, wet weather and perhaps the worst flooding across parts of the Corn Belt ever are elevating concerns about a slow start to the corn planting season...

feed-grains soy-oilseeds wheat

Summary of Futures

May 19 Corn closed at $3.7825/bushel, up $0.02 from yesterday's close.  May 19 Wheat closed at $4.66/bushel, down $0.005 from yesterday's close.  May 19 Soybeans closed at $9.0375/bushel, down $0.0675 from yesterday's close.  May 19 Soymeal closed at $315/short ton, down $0.3 fro...

livestock

Cattle on Feed

USDA estimates:  Cattle and calves on feed for the slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 11.8 million head on March 1, 2019. The inventory was 1 percent above March 1, 2018. Placements in feedlots during February totaled 1.86 million...

feed-grains soy-oilseeds wheat

Market Commentary

The overnight session continued the recent trend of low trading volume and narrow, mixed price movement. This occurred as traders await developments from next week’s high level trade negotiations in Beijing as well as the 29 March quarterly stocks and initial acreage reports from USDA. Ac...

livestock

Pre-Report Forecasts

The release tomorrow of USDA’s Cattle on Feed report gets the monthly series back on schedule after the government shutdown. It will show the total number of cattle on feed as of 1 March (the 1 February report was released two weeks late on 8 March). Pre-report forecasts peg the total inv...

feed-grains soy-oilseeds wheat

Summary of Futures

May 19 Corn closed at $3.7625/bushel, up $0.0475 from yesterday's close.  May 19 Wheat closed at $4.665/bushel, up $0.0175 from yesterday's close.  May 19 Soybeans closed at $9.105/bushel, up $0.045 from yesterday's close.  May 19 Soymeal closed at $315.3/short ton, up $3.7 from...

feed-grains soy-oilseeds wheat

Market Commentary

It has been more low and slow trade overnight and again today. Wheat is the star of the day with the May contracts for Chicago and KC both closing up 8.25 cents and that for MGEX finishing 6.25 cents higher. Low trading volume can often result in abrupt and sharp price movements as market order...

feed-grains soy-oilseeds wheat

Summary of Futures

May 19 Corn closed at $3.715/bushel, up $0.0025 from yesterday's close.  May 19 Wheat closed at $4.6475/bushel, up $0.0825 from yesterday's close.  May 19 Soybeans closed at $9.06/bushel, up $0.02 from yesterday's close.  May 19 Soymeal closed at $311.6/short ton, up $0.8 from ye...

soy-oilseeds feed-grains livestock

China In-Country Analysis

Export Trends Year-End USDA Data Shows Trade Winners and Losers Following delays caused by the 35-day partial U.S. government shutdown, USDA has now managed to update its reports regarding U.S. agricultural exports through the end of 2018. A look at the total figures reveal some surprising find...

feed-grains soy-oilseeds wheat

Market Commentary

Overnight trading was a mixed and low volume affair. The grains were slightly higher, and soybeans were just below Monday’s close. None of the lead contracts were able to muster as much as 10,000 contracts of trading volume. The day session began with a modest rally effort, but that did n...

feed-grains soy-oilseeds wheat

Chinese Trade Soap Opera and Markets

Having commented so often about U.S.-China trade relations and the ongoing negotiations, we fear we risk boring clients. However, the trade negotiations are reminiscent of the traditional “soap operas” on daytime television in that their stories never end. Every time one crisis is r...

feed-grains soy-oilseeds wheat

Summary of Futures

May 19 Corn closed at $3.7125/bushel, down $0.0025 from yesterday's close.  May 19 Wheat closed at $4.565/bushel, down $0.0025 from yesterday's close.  May 19 Soybeans closed at $9.04/bushel, down $0.0175 from yesterday's close.  May 19 Soymeal closed at $310.8/short ton, up $1 f...

livestock

Big Trouble in Big China

Not a WPI client? Please email Matt at mherrington@agrilink.com or subscribe to Ag Perspectives: International or Ag Perspectives: All Access to acccess this and other insightful analysis from WPI!  The African Swine Fever outbreak in China is far from contained and its...

feed-grains soy-oilseeds wheat

Market Commentary

Markets were weaker to start the Sunday evening session, and that negative trading pattern persisted throughout today. As another analyst wrote, the market is starving for news of any kind. China talk continues to dominate the markets’ attitude and direction. There was more chatter over t...

feed-grains soy-oilseeds wheat

Summary of Futures

May 19 Corn closed at $3.715/bushel, down $0.0175 from yesterday's close.  May 19 Wheat closed at $4.5675/bushel, down $0.055 from yesterday's close.  May 19 Soybeans closed at $9.0575/bushel, down $0.035 from yesterday's close.  May 19 Soymeal closed at $309.8/short ton, down $1...

feed-grains soy-oilseeds wheat

Summary of Futures

May 19 Corn closed at $3.7325/bushel, up $0.03 from yesterday's close.  May 19 Wheat closed at $4.6225/bushel, up $0.095 from yesterday's close.  May 19 Soybeans closed at $9.0925/bushel, up $0.1075 from yesterday's close.  May 19 Soymeal closed at $310.8/short ton, up $4.9 from...

feed-grains soy-oilseeds wheat

Market Commentary

Corn and soybean markets were steady to slightly higher overnight with wheat 1-2 cents lower. Soybean futures led the markets all higher this morning on another round of positive news surrounding the China/U.S. trade talks. It seems that most are now convinced an agreement is near. This belief...

feed-grains soy-oilseeds wheat

Market Commentary

Traders showed more interest in the overnight session. Volume was not back to Tuesday’s level, but it was notably higher than Wednesday’s. Pricewise, the results were mixed. Grains were steady to firm, but soybeans traded mostly lower. A wire service reported late in the overnight s...

livestock

China Pork Purchase and Trade Deal Outlook; Big Pork Supplies Pressure Hog Prices

China Buys Pork amid Outlook for Bigger Trade Agreement While the U.S.-China trade talks continue, the most recent weekly export sales report from USDA shows that China was back in the market for U.S. pork for the week that ended 7 March.Net pork sales totaled 50,300 MMT with 47 percent (23,800...

feed-grains soy-oilseeds wheat

Summary of Futures

May 19 Corn closed at $3.7025/bushel, up $0.0375 from yesterday's close.  May 19 Wheat closed at $4.5275/bushel, up $0.055 from yesterday's close.  May 19 Soybeans closed at $8.985/bushel, down $0.025 from yesterday's close.  May 19 Soymeal closed at $305.9/short ton, up $1.2 fro...

feed-grains soy-oilseeds wheat

Market Commentary

NASS has decided to no longer conduct actual field surveys in compiling production and yield estimates for corn and soybeans in the August WASDE as they are deemed too early at that time to be very meaningful. It will instead only use farmer surveys, weather/yield models and satellite data. Fie...

feed-grains soy-oilseeds wheat

Summary of Futures

May 19 Corn closed at $3.665/bushel, up $0.0075 from yesterday's close.  May 19 Wheat closed at $4.4725/bushel, down $0.0575 from yesterday's close.  May 19 Soybeans closed at $9.01/bushel, up $0.04 from yesterday's close.  May 19 Soymeal closed at $304.7/short ton, up $1.7 from...

feed-grains soy-oilseeds wheat

Market Commentary

It was a vivid “Turnaround Tuesday” for grain and soy markets after Monday’s dive to test recent lows and, in some case, set new record lows. It began rather gradually in the overnight session, which saw trading volume notably higher than average. Prices started out slightly l...

livestock

1 March Cattle on Feed Report

USDA today released the monthly Cattle on Feed (COF) report for 1 March. It showed the total inventory in feedlots of 1,000 head or more capacity was 1.8 million, the 27th straight month of year-over-year increases. Marketings were essentially flat, up only 8,000 head (or less than a half-perc...

feed-grains soy-oilseeds wheat

Market Commentary

Corn and wheat markets were firm overnight, while the soy complex was weaker. That was the pattern for much of today’s markets as well. Cool, wet weather and perhaps the worst flooding across parts of the Corn Belt ever are elevating concerns about a slow start to the corn planting season...

feed-grains soy-oilseeds wheat

Summary of Futures

May 19 Corn closed at $3.7825/bushel, up $0.02 from yesterday's close.  May 19 Wheat closed at $4.66/bushel, down $0.005 from yesterday's close.  May 19 Soybeans closed at $9.0375/bushel, down $0.0675 from yesterday's close.  May 19 Soymeal closed at $315/short ton, down $0.3 fro...

livestock

Cattle on Feed

USDA estimates:  Cattle and calves on feed for the slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 11.8 million head on March 1, 2019. The inventory was 1 percent above March 1, 2018. Placements in feedlots during February totaled 1.86 million...

feed-grains soy-oilseeds wheat

Market Commentary

The overnight session continued the recent trend of low trading volume and narrow, mixed price movement. This occurred as traders await developments from next week’s high level trade negotiations in Beijing as well as the 29 March quarterly stocks and initial acreage reports from USDA. Ac...

livestock

Pre-Report Forecasts

The release tomorrow of USDA’s Cattle on Feed report gets the monthly series back on schedule after the government shutdown. It will show the total number of cattle on feed as of 1 March (the 1 February report was released two weeks late on 8 March). Pre-report forecasts peg the total inv...

feed-grains soy-oilseeds wheat

Summary of Futures

May 19 Corn closed at $3.7625/bushel, up $0.0475 from yesterday's close.  May 19 Wheat closed at $4.665/bushel, up $0.0175 from yesterday's close.  May 19 Soybeans closed at $9.105/bushel, up $0.045 from yesterday's close.  May 19 Soymeal closed at $315.3/short ton, up $3.7 from...

feed-grains soy-oilseeds wheat

Market Commentary

It has been more low and slow trade overnight and again today. Wheat is the star of the day with the May contracts for Chicago and KC both closing up 8.25 cents and that for MGEX finishing 6.25 cents higher. Low trading volume can often result in abrupt and sharp price movements as market order...

feed-grains soy-oilseeds wheat

Summary of Futures

May 19 Corn closed at $3.715/bushel, up $0.0025 from yesterday's close.  May 19 Wheat closed at $4.6475/bushel, up $0.0825 from yesterday's close.  May 19 Soybeans closed at $9.06/bushel, up $0.02 from yesterday's close.  May 19 Soymeal closed at $311.6/short ton, up $0.8 from ye...

soy-oilseeds feed-grains livestock

China In-Country Analysis

Export Trends Year-End USDA Data Shows Trade Winners and Losers Following delays caused by the 35-day partial U.S. government shutdown, USDA has now managed to update its reports regarding U.S. agricultural exports through the end of 2018. A look at the total figures reveal some surprising find...

feed-grains soy-oilseeds wheat

Market Commentary

Overnight trading was a mixed and low volume affair. The grains were slightly higher, and soybeans were just below Monday’s close. None of the lead contracts were able to muster as much as 10,000 contracts of trading volume. The day session began with a modest rally effort, but that did n...

feed-grains soy-oilseeds wheat

Chinese Trade Soap Opera and Markets

Having commented so often about U.S.-China trade relations and the ongoing negotiations, we fear we risk boring clients. However, the trade negotiations are reminiscent of the traditional “soap operas” on daytime television in that their stories never end. Every time one crisis is r...

feed-grains soy-oilseeds wheat

Summary of Futures

May 19 Corn closed at $3.7125/bushel, down $0.0025 from yesterday's close.  May 19 Wheat closed at $4.565/bushel, down $0.0025 from yesterday's close.  May 19 Soybeans closed at $9.04/bushel, down $0.0175 from yesterday's close.  May 19 Soymeal closed at $310.8/short ton, up $1 f...

livestock

Big Trouble in Big China

Not a WPI client? Please email Matt at mherrington@agrilink.com or subscribe to Ag Perspectives: International or Ag Perspectives: All Access to acccess this and other insightful analysis from WPI!  The African Swine Fever outbreak in China is far from contained and its...

feed-grains soy-oilseeds wheat

Market Commentary

Markets were weaker to start the Sunday evening session, and that negative trading pattern persisted throughout today. As another analyst wrote, the market is starving for news of any kind. China talk continues to dominate the markets’ attitude and direction. There was more chatter over t...

feed-grains soy-oilseeds wheat

Summary of Futures

May 19 Corn closed at $3.715/bushel, down $0.0175 from yesterday's close.  May 19 Wheat closed at $4.5675/bushel, down $0.055 from yesterday's close.  May 19 Soybeans closed at $9.0575/bushel, down $0.035 from yesterday's close.  May 19 Soymeal closed at $309.8/short ton, down $1...

feed-grains soy-oilseeds wheat

Summary of Futures

May 19 Corn closed at $3.7325/bushel, up $0.03 from yesterday's close.  May 19 Wheat closed at $4.6225/bushel, up $0.095 from yesterday's close.  May 19 Soybeans closed at $9.0925/bushel, up $0.1075 from yesterday's close.  May 19 Soymeal closed at $310.8/short ton, up $4.9 from...

feed-grains soy-oilseeds wheat

Market Commentary

Corn and soybean markets were steady to slightly higher overnight with wheat 1-2 cents lower. Soybean futures led the markets all higher this morning on another round of positive news surrounding the China/U.S. trade talks. It seems that most are now convinced an agreement is near. This belief...

feed-grains soy-oilseeds wheat

Market Commentary

Traders showed more interest in the overnight session. Volume was not back to Tuesday’s level, but it was notably higher than Wednesday’s. Pricewise, the results were mixed. Grains were steady to firm, but soybeans traded mostly lower. A wire service reported late in the overnight s...

livestock

China Pork Purchase and Trade Deal Outlook; Big Pork Supplies Pressure Hog Prices

China Buys Pork amid Outlook for Bigger Trade Agreement While the U.S.-China trade talks continue, the most recent weekly export sales report from USDA shows that China was back in the market for U.S. pork for the week that ended 7 March.Net pork sales totaled 50,300 MMT with 47 percent (23,800...

feed-grains soy-oilseeds wheat

Summary of Futures

May 19 Corn closed at $3.7025/bushel, up $0.0375 from yesterday's close.  May 19 Wheat closed at $4.5275/bushel, up $0.055 from yesterday's close.  May 19 Soybeans closed at $8.985/bushel, down $0.025 from yesterday's close.  May 19 Soymeal closed at $305.9/short ton, up $1.2 fro...

feed-grains soy-oilseeds wheat

Market Commentary

NASS has decided to no longer conduct actual field surveys in compiling production and yield estimates for corn and soybeans in the August WASDE as they are deemed too early at that time to be very meaningful. It will instead only use farmer surveys, weather/yield models and satellite data. Fie...

feed-grains soy-oilseeds wheat

Summary of Futures

May 19 Corn closed at $3.665/bushel, up $0.0075 from yesterday's close.  May 19 Wheat closed at $4.4725/bushel, down $0.0575 from yesterday's close.  May 19 Soybeans closed at $9.01/bushel, up $0.04 from yesterday's close.  May 19 Soymeal closed at $304.7/short ton, up $1.7 from...

feed-grains soy-oilseeds wheat

Market Commentary

It was a vivid “Turnaround Tuesday” for grain and soy markets after Monday’s dive to test recent lows and, in some case, set new record lows. It began rather gradually in the overnight session, which saw trading volume notably higher than average. Prices started out slightly l...

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