March 2023 total red meat and poultry stocks were down from February but were 4.3 percent greater than March 2022 as the industry continues to rebuild stockpiles. Total red meat supplies fell 0.94 percent as a sharp decline in beef stocks was offset by larger pork stocks. Total poultry inventories rose 0.6 percent from February, slightly below their normal seasonal increase, and were up 8.9 percent year-over-year. Total beef stocks were down 3.9 percent from February and fell below the five-year average. Pork stocks were up 2.4 percent from February, a significant gain during a month when stocks usually fall 2.2 percent. The larger than typical gain in pork inventories may signal that demand is starting to weaken in 2023.  ...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
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.