World Perspectives
livestock

Cattle on Feed Preview

USDA will release its Cattle on Feed report tomorrow and it could be a record – for the second month in a row. Analysts’ pre-report estimates peg the total number of cattle on feed as of 1 March at 101.1 percent of a year ago, which was the highest March feed lot inventory on record at 12 million head. The range of estimates was between 100.8 and 101.5 percent. The implied inventory of cattle on feed would be 12.13 million head.   Source: Dow Jones, WPI Marketings in February are expected to be 104 percent of last year. Note that there were the same number of weekdays in February 2021 and 2022. Noteworthy is the fact that placements are expected at 102 percent of 2020, which was the month before COVID, implying pac...

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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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