Last week, USDA released the combined U.S. and Canada livestock inventory report, which added a little additional clarity on the hog and pork situation. USDA reported that the combined hog and pig inventory in the U.S. and Canada at the start of June 2020 was 93.634 million head, up 4 percent on the year. Most of the inventory is in the U.S. at 79.634 million head (an increase of 5 percent). Canada’s herd at 14 million head is slightly higher than the year before. That combined total includes a market herd of 86.1 million head, 5 percent above the June 2019 total, and a breeding herd of 7.57 million head, a year to year decline of 1 percent. The pig crop was 84.2 million head, up 3 percent, while the number of sows farrowed during 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...
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.