On Thursday, USDA will release its Quarterly Hogs and Pigs report. Key data will be inventories of slaughter hogs, breeding sows, an estimate of the March–May pig crop with its accompanying litter rate, and producers’ farrowing intentions for June through August – the second estimate and the first estimate for September through November. The June through August farrowing intentions released in the March report were 2.987 million head, which would be 98 percent of 2023. The March through May farrowings are expected to be 99.1 percent of last year; that is in line with the 1 March report which showed farrowing intentions at 99 percent of the year prior. Overall, the expectation is for an increased swine herd as of 1 J...
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.