World Perspectives
livestock

Neutral Cattle on Feed Report

USDA released the monthly Cattle on Feed report today. All categories came in near expectations, making the report neutral. August placements at 1.98 million head were above the average for the month during this cattle cycle of 1.93 million head, but still below last year. As WPI noted yesterday in its report preview, feeder cattle sales in August were down from year-ago volumes, but lower feed costs, more dry conditions, and higher feeder cattle imports from Mexico likely put a floor on the volume.  August marketings as a percentage of inventory was 16.2 percent, up from 16.7 in July. Last year saw marketings as a percent of inventory at 16.9 percent. On a daily basis, marketings were 82,636 in August compared to 81,957 in Aug...

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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.

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