In just two years, African Swine Fever is likely to have reduced Chinese pork production by more than a third. However, Oklahoma State University economist Derrell Peel correctly notes that the disease will likely impact the global livestock market for many years to come. A possible proxy for the situation is the impact of Mad Cow disease in Europe during the 1990’s. EU beef production peaked in 1991 at 11.8 million tons. But after more than a decade of battling the disease, European beef production had fallen by 30 percent and it has never recovered from this lower production level. Constrained by lower production and import quotas, EU beef consumption remains nearly 35 percent lower than at its peak. Instead, pork consumption...
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...
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...
Let’s return briefly to the fake meat hype cycle, now sitting somewhere in a dusty corner of your mind, not entirely forgotten. What happened to all those products, known as plant-based alternative proteins? They were supposed to be as good as real meat—cheaper, more environmentally...
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.