While the drop in China's live pig and sow inventories clearly has propped up prices, the continued upward trend might actually decelerate due to downstream market fundamentals. Oilseeds Soymeal Inventories Declined Slightly Last Week The estimated soymeal inventories for China's major crushers fell 1.14 MMT last week, decreases of 13.58 percent from the previous week and 35.82 percent compared with the same period last year. The decline in northeast China was 92,000 MT or 58.53 percent from the previous week, while the totals for major crushers in Shandong Province and eastern China decreased to 76,000 MT and 590,000 MT, respectively. Fujian is the only region among the areas surveyed where the soymeal inventory went up, and it rose 148...
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...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
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...
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.