Tomorrow the House Appropriations Committee’s subcommittee on Agriculture will consider farm and food program spending for FY 2018.The House Appropriations Committee released the FY 2018 ag appropriations bill today, and its subcommittee on Agriculture will consider the package tomorrow. The bill also includes funding for the Food and Drug Administration(FDA) and the Commodity Futures Trading Commission (CFTC).The funding plan of $144.9 billion for total discretionary and mandatory spending bridges the gap between last year’s total appropriations of $153.4 billion and the president’s request of $140.3 billion. Although most programs covered in the bill are discretionary, a majority of the funding is for mandatory programs like the Supplemen...
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.