Although USDA’s Cattle on Feed report was in line with expectations, the quarterly Hogs and Pigs report was not.WPI’s last Livestock Roundup (see Ag Perspectives, 22 December) previewed the next day’s release of USDA’s monthly Cattle on Feed and quarterly Hogs and Pigs reports. The Cattle on Feed report was in line with expectations. Pre-report estimates pegged total inventory on feed on 1 December at 98.5 percent of last year, and the actual came in at 99 percent. Market attention would normally focus on the “Feeder Cattle Supplies Outside Feedlots” table in order to determine the size of the herd on pasture and wheat that is ready to move onto feedlots. In March, however, USDA’s National Agricultural Statistics Service (NASS) suspended th...
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...
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...
Let’s return briefly to the fake meat hype cycle, now sitting somewhere in a dusty corner of your mind, not entirely forgotten. What happened to all those products, known as plant-based alternative proteins? They were supposed to be as good as real meat—cheaper, more environmentally...
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.