A major outbreak of avian influenza (AI) in Korea is restricting its domestic production to meet growing demand for broiler meat. Similar occurrences among some of its foreign suppliers are likely to increase U.S. exports, which are now back in the Korean market after a previous ban because of AI.Winter is the high-risk season for avian influenza (AI), and a number of countries in Europe and Asia have reported outbreaks. To date, according to news reports and official government statements reviewed by WPI, there have been such occurrences in Germany’s top turkey-producing region, which is also one of Europe’s top producing regions, as well as in France, Poland, the Netherlands, Denmark, Sweden, Israel, China, Indonesia and, particularly, Ko...
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.