World Perspectives
livestock

Livestock Round Up

Challenges for Chickens   It’s not easy being in the chicken business these days. The chart below shows our estimated gross feeding margin for broiler companies since the beginning of 2019. First, there’s been a glut of protein on the market. Second, exporting has been a challenge. Third, the domestic market is shifting away from what the industry has been building infrastructure for over the years – big bird deboning. Wholesale breast meat prices averaged $1.07/pound the first quarter of 2019; last week they were about $0.91/pound and have spent about half of 2020 so far under $0.90/lb. Weak prices early this year have been counter seasonal. Meanwhile, production is up. Low feed costs and the opening of the...

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feed-grains soy-oilseeds wheat

Market Commentary: Corn Bounces while Wheat, Soybeans Fall Further

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Europe; Greening; AI; Ice Cream; UPFs; Algorithms

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feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.405/bushel, up $0.04 from yesterday's close.  Mar 26 Wheat closed at $5.0625/bushel, down $0.0325 from yesterday's close.  Jan 26 Soybeans closed at $10.5825/bushel, down $0.045 from yesterday's close.  Jan 26 Soymeal closed at $298.2/short ton, down $4.2...

feed-grains soy-oilseeds wheat

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Mar 26 Corn closed at $4.405/bushel, up $0.04 from yesterday's close.  Mar 26 Wheat closed at $5.0625/bushel, down $0.0325 from yesterday's close.  Jan 26 Soybeans closed at $10.5825/bushel, down $0.045 from yesterday's close.  Jan 26 Soymeal closed at $298.2/short ton, down $4.2...

livestock

Livestock Industry Margins

Beef packer margins reversed sharply lower last week, swinging back into negative territory after six straight weeks of positive returns. Margins fell $145/head to –$75 as fed cattle prices rebounded $7/cwt (live basis), while the Choice cutout slipped nearly $7/cwt. The rapid compression...

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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.

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