U.S. Cattle on Feed is up 1.5 percent for feedlots with capacity of 1,000 or more head totaled 11.3 million head on August 1, 2020. This is the highest August 1 inventory since the series began in 1996. Placements in feedlots during July totaled 1.89 million head, 11 percent above 2019. Net placements were 1.84 million head. Marketings of fed cattle during July totaled 1.99 million head, 1 percent below 2019. Other disappearance totaled 57,000 head during July, 20 percent below 2019. ...
What You Need to Know Today: President Trump claimed the ceasefire between the U.S. and Iran was over, as both sides accused one another of violating the terms of the agreement. Commercial vessels are increasingly steering clear of the Strait of Hormuz as security risks escalate following Iran...
Key Takeaways: The CME Group is launching new 90 percent Lean Beef and 50 percent Lean Beef futures and options contracts in July. There are five key factors that must be present in physical markets and futures contract specifications for futures contracts to become successful. The two l...
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.