USDA released its Livestock and Poultry quarterly trade update this week, showing a mix of exports coming on to the global market. Global beef trade is forecast to stay virtually the same as 2022, pork is forecast to be down, and broiler meat to increase about 1 percent. That compares to forecasts for U.S. exports, down for beef, up for pork and broilers. Making up for the U.S. in pork and beef is Brazil. Exportable supplies of beef are tighter in the U.S. and also in Uruguay and Argentina; Brazil will make up the balance – with most of its exports destined for China. Brazil’s pork is price competitive on the global market given the value of the real and are expected to fill in for smaller EU exports, particularly in...
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.