World Perspectives
livestock

Cattle Inventory Down

USDA released its Cattle Inventory report today. The total inventory of all cattle and calves as of 1 January is 94.4 million head, down a little less than half of percent from the 94.8 million head from 1 January 2019.   Top line numbers from the report: Cows and heifers that have calved were 40.7 million head, 99 percent of last year.   The number of beef cows was 99 percent of last year at 31.3 million head, and somewhat surprisingly with the state of the dairy industry and the trend in culling, dairy cows at 9.33 million were down only slightly from last year. The calf crop in 2019 was estimated at 36.1 million head, 99 percent of the 2018 crop. Calves born during the first half of 2019 were estimated...

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livestock

Livestock Industry Margins

Beef packer margins reversed sharply lower last week, swinging back into negative territory after six straight weeks of positive returns. Margins fell $145/head to –$75 as fed cattle prices rebounded $7/cwt (live basis), while the Choice cutout slipped nearly $7/cwt. The rapid compression...

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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.

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