Hogs and Pigs Report USDA released this quarterly report last Friday, which was previewed here the previous day (see Ag Perspectives, 21 December). The total inventory of hogs and pigs as of 1 December was 73.2 million head, 102 percent of 2016 but slightly smaller than the record 73.549 million head as of 1 September. Also included in the report were the following numbers: • Pig crop: 33.4 million head (103 percent of last year) • Pigs saved per litter: 10.74 • Market hogs: 67.1 million head (102 percent of last year) The above results were reasonably within market expectations. Pre-report estimates had the pig crop up 2 percent with total inventory and market hogs both anticipated to be 2.5 percent higher. The table be...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
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.