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livestock

Cattle on Feed and Cattle Inventory: Higher Placements Again!

USDA released two key cattle reports today: the monthly Cattle on Feed report and the semi-annual Cattle Inventory report. The surprise in the Cattle on Feed report was the number of placements, however, it was less of a surprise for those who read Matt Herrington’s forecast on Wednesday of this week. WPI’s model pegged the placement number at 102.4 percent of last year. Following is a summary of today’s report. Notably, June was the fourth consecutive month placements exceeded pre-report expectations. The pace of placements for the first half of the year could start to undermine expected placements in the second half of the year given the state of feeder cattle supplies outside of feedlots (see more on that below).&nb...

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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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