USDA will release its Cattle on Feed report tomorrow, along with the December quarterly Hogs and Pigs report. The cattle markets are anticipating the Cattle on Feed report; since the Friday after Thanksgiving futures prices have been volatile, but definitely bearish. Some participants have called it a meltdown. The June live cattle contract peaked at $185.40/cwt and bottomed out at $163.65/cwt. It is now above $171/cwt. Feeder cattle have followed the live cattle market’s ups and downs since September. Placements have been greater than expected since September when the market started to turn softer. Typically, October is the top month for placements, and then they start to tail off. Friday’s report wil...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
Key Takeaways: On Friday afternoon, President Trump announced that Russia will “immediately supply over 300,000 Tons of Diesel Fuel” to the United States. The deal, typical of this administration, is light on details but promises an additional 500,000 tons in November and 1 m...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
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.