World Perspectives
livestock

Cattle on Feed Report

USDA released the monthly Cattle on Feed report today. Once again, placements surprised to the upside compared to pre-report analysts’ consensus expectations. The total cattle on feed inventory was 11.986 million head, which was slightly above last year’s 11.956 million head. Total feedlot inventory was the third highest for 1 November since 2000.  11222024dj.png 23.19 KBToday’s placement number indicates more market ready cattle this coming spring. Overall, the numbers look neutral near-term but could be bearish long-term because of higher placements. The outlook, however, also depends on beef demand holding up.October marketings as a percent of inventory were 15.4 percent, compared to 14.6 percent in September and 14.7 percent in Oct...

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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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