The CME yesterday announced specific actions that it will take regarding the live cattle futures market, which followed complaints from two producer groups. NCBA then chided CME for taking steps prior to consulting with the association. CME Actions on Cattle Market; NCBA Response The CME yesterday announced specific actions that it will take regarding the live cattle futures market. Two producer groups had complained about the functioning of the market, especially in October 2015 when futures prices slid down an unprecedented level. As previously reported (see Ag Perspectives, 14 January and 28 January), CME President Terrence Duffy had addressed the National Cattlemen’s Beef Association (NCBA) meeting in San Diego regarding that group’s...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
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.