At President Biden’s invitation, the four bipartisan leaders of the House and Senate agriculture committees met with the President at the White House last week. USDA Secretary Vilsack sat in on the meeting as well. According to read-outs from the Congressional participants, few specifics were discussed, but the talks did focus on the farm bill’s timeline and keeping it on track. As the budget situation develops in Congress, parties are expected to meet again to discuss progress being made on a baseline draft farm bill. In recent Congressional hearings, however, farm and commodity groups have laid out their priorities – all unified around crop insurance and Title I support programs – with specific requests. Th...
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.
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...