The December Cold Storage report from USDA showed a surprising increase in beef stocks, largely driven by higher inventories in the West South Central region. Strong pork exports continue to keep pork stocks at five-year lows, contributing to a 12 percent yearly reduction in total red meat supplies. Poultry stocks fell 10 percent from 2019 despite the fact chicken breast stocks remain burdensome. Whole turkey demand was stronger than expected in November, despite smaller Thanksgiving gatherings in the U.S...
What You Need to Know Today: President Trump claimed the ceasefire between the U.S. and Iran was over, as both sides accused one another of violating the terms of the agreement. Commercial vessels are increasingly steering clear of the Strait of Hormuz as security risks escalate following Iran...
Key Takeaways: The CME Group is launching new 90 percent Lean Beef and 50 percent Lean Beef futures and options contracts in July. There are five key factors that must be present in physical markets and futures contract specifications for futures contracts to become successful. The two l...
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.