Overall, USDA is seeking a reduction in discretionary outlays of $2.638 billion from what it is projected to receive in FY 2014 under the continuing resolution.The House Appropriations Committee's subcommittee on agriculture will hold a hearing on Friday with Secretary of Agriculture Tom Vilsack testifying about the department's FY 2015 budget request. This is the first in a series of events and deadlines for the appropriations process. The subcommittee has also announced that members' submission requests must be received by 31 March 2014. The Senate Appropriations Committee's subcommittee on agriculture will hold a hearing on 4 April. Much of what Secretary Vilsack has to say has been previewed by the president's FY 2015 budget proposal. O...
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.