It’s a tough time to be in the hog and pig business. California’s Proposition 12 was upheld by the Supreme Court, and with that decision, Massachusetts Question 3 which prescribes similar standards for sow housing, was also green-lighted. Massachusetts was holding off implementation until the Court ruled on the California case. That puts somewhere between 15 and 17 percent of U.S. pork consumption under rules that require expanded sow houses, which come with substantial cost. That impact arguably is moving up stream to feeder pig and sow prices. Feeder pig prices typically follow a seasonal pattern, dropping during the summer months. This year, the drop has already started. Feeder pig prices last week were $22.05 per head for 1...
What You Need to Know Today: The hot, dry weather forecast continues to drive strength in grain futures with corn and soybeans hitting another day of strong gains. Monday’s Crop Progress and Conditions data were in line with market expectations and showed relatively few concerns for the...
Yesterday we wrote about the Q1 GDP numbers and the June employment reports in an article entitled Real GDP for Q1 Relying on AI Buildout, Held Back by Consumer Spending. That article mentioned that consumer spending had become a drag on GDP. Nonetheless, real GDP in Q1 was revised upward to 2...
Key Takeaways: The Middle East and North Africa's arid climate and limited water resources have created a structural dependence on imported wheat. Government wheat tenders in major importing countries serve as important benchmarks for global trade, providing insight into exporter competitivene...
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.