USDA estimates that global meat and pork consumption last year fell by 6 percent and will be down another 4.6 percent in 2020. By contrast, global poultry destruction rose by 4.8 percent in 2019 and will rise again in 2020 by 1.4 percent. These changes have likely been influenced by the coronavirus pandemic, though more research is needed to determine how much. By contrast, Rabobank says that U.S. domestic meat sales have been above average, though they have now begun to stabilize. There have obviously been changes in cuts sold due to the shift from HRI to meals at home plus labor burdens, and sales of canned meat products saw a major boost. Comparing current global consumption with the two immediately prior flu pandemics, H3N2 in 1968 an...
What You Need to Know Today: President Trump claimed the ceasefire between the U.S. and Iran was over, as both sides accused one another of violating the terms of the agreement. Commercial vessels are increasingly steering clear of the Strait of Hormuz as security risks escalate following Iran...
Key Takeaways: The CME Group is launching new 90 percent Lean Beef and 50 percent Lean Beef futures and options contracts in July. There are five key factors that must be present in physical markets and futures contract specifications for futures contracts to become successful. The two l...
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.