USDA updated its forecast for broiler production in 2025 and released its initial estimate for 2026. The 2025 estimate was revised lower by 260 million pounds and is now expected to be up just 1.1 percent from the previous year. At the beginning of the year, projections were for a 1.4 percent increase. The pace of growth has been slower than expected. Likewise, for 2026, the first estimate points to only a modest 1.2 percent increase. Corn production is expected to increase by a billion bushels compared to last year, and domestic disappearance of soymeal is forecast to be up 2 percent from a year ago – and 7 percent from two years ago – due to biofuels policy. The question remains, with cattle inventories declining and limited g...
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.