While the March WASDE report projected U.S. beef consumption will increase for the first time since 2006, the U.S. cattle herd is also expanding after reaching 60-plus year lows in recent years, a trend likely to continue.The March World Agricultural Supply and Demand Estimates (WASDE) report projected U.S. beef consumption will increase for the first time since 2006 to 54.3 pounds, up a half-pound from last year. The primary reason for this: price.After reaching 60-plus year lows in recent years, the U.S. cattle herd is also expanding. The total inventory stood at 92 million head on 1 January, according to the National Agricultural Statistics Service (NASS). This is the first time it exceeded 90 million since 2012 and the biggest year-over...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
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.