Milk producers express more angst over the economic situation than other commodity producers, yet their production is largely inline with consumption. For the three largest global milk makers, India has actually increased consumption to match production. The other two large producers are the EU and U.S., with domestic consumption absorbing 99.4 percent and 99.8 percent of output, respectively. While India’s consumers have increased their share of domestic supply destruction over the past decade, the rate has fallen slightly in the EU and U.S., by 0.4 percent and 0.14 percent, respectively. A key difference is in fluid milk consumption. Most dairy producing countries have increased fluid milk disappearance, with India drinking 5...
Beef packer margins deteriorated to -$218/head last week, down $20 from the prior week as a softer Choice cutout combined with slightly lower fed cattle prices. The cutout slipped to $391/cwt while fed cattle prices eased to $256/cwt, leaving packer profits under pressure. Margins remain deeply...
What You Need to Know Today: The U.S. and Iran agreed to a peace deal on Monday with the deal expected to be signed Friday in Switzerland. The memorandum signed is explicit that Iran will allow 60 days of toll-free transit for all traffic through the Strait of Hormuz, and President Trump annou...
The U.S. and Iran announced a framework peace deal. Crude oil futures dropped to $83.08, the lowest since early March. The breakthrough comes as President Trump said that if Iran failed to reach a deal, he would order renewed military attacks. An LNG tanker chartered by India’s Petronet 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.