Cattle and hog prices are feeling some pressure from lower wholesale meat prices, while the beef, pork and poultry sectors are all likely to benefit from lowered corn and soybean prices. Cheaper Feed and Record Meat Prices Impact Livestock Cattle and hog prices are feeling some pressure from lower wholesale meat prices. Since the start of the month, wholesale pork product prices have fallen nearly $20/hundredweight and beef prices are down about $11 after both hit record highs in July. Slowdown in demand from retail and restaurants at the new record prices is drawing down live prices. While beef is still limited by supply issues, pork and poultry are both starting to expand, which should help prevent beef prices from reaching their previo...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
Let’s return briefly to the fake meat hype cycle, now sitting somewhere in a dusty corner of your mind, not entirely forgotten. What happened to all those products, known as plant-based alternative proteins? They were supposed to be as good as real meat—cheaper, more environmentally...
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.