World Perspectives
livestock

Neutral Cattle on Feed Report

USDA released its monthly Cattle on Feed (COF) report on Friday. The report was neutral, with inventory, marketings and placements all coming in right at the industry average pre-report estimates. The 1 January inventory of all cattle and calves on feed in feedlots with 1,000 head or more capacity was 12 million head and December placements were 1.83 million head.   Marketings in November were 1.83 million head. The average daily marketing of cattle was 83,182 head based on 22 weekdays in December, which was one more day than the year prior. Marketings for the month reamined steady at 15.2 percent of the total inventory on feed, compared to 15.1 percent in November. Placements by weight catgeory were the greatest for cattle...

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livestock

Livestock Industry Margins

Beef packer margins reversed sharply lower last week, swinging back into negative territory after six straight weeks of positive returns. Margins fell $145/head to –$75 as fed cattle prices rebounded $7/cwt (live basis), while the Choice cutout slipped nearly $7/cwt. The rapid compression...

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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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