As noted yesterday, China’s pork imports appear to have recently turned higher despite supposedly over-abundant and under-valued domestic supplies. In an article about the over-supply of pork in the U.S. market, the Wall Street Journal cited declining sales to China during the first 11 months of 2023. But that may be an oversimplification. U.S. pork exports to China for the complete marketing year were down, but by just 3.5 percent. And commitments were off by only 2.4 percent. Looking at more recent data, marketing year to date pork purchase commitments by China from the U.S. are up 10.3 percent year-on-year, and actual pork shipments are up 23 percent. But again, using only part of a marketing year’s data can be deceptive as...
Key Market Insights July is here, and the grain markets already feel like they are shifting gears. With the June USDA reports now behind us, inflation is back in the conversation, and traders are once again turning their attention to three familiar summer drivers: demand, money flow, and weathe...
Key Takeaways: Poultry is the fastest-growing major animal protein, supported by lower production costs, affordability, and broad consumer appeal. Broilers are the most feed-efficient major livestock species, giving chicken a lasting cost advantage over beef and pork. Short production cycles a...
What You Need To Know Today: Ethanol margins continue to run well above year-ago and normal seasonal values, but have slipped in recent weeks on weaker DDGS and ethanol pricing. WPI’s models project a steady decrease in returns to ethanol production following the end of the summer...
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.