In the last few years, food retailers in Europe have shifted away from requiring that the pork and poultry meat they market be fed only with non-biotech feed ingredients as the new marketing approach is to cite their products as being more sustainable. NOPA January Soybean Crush Falls Below Analysts' Forecast Today's National Oilseed Processors Association (NOPA) soybean crush report for January showed the volume crushed by NOPA members for the month fell to 156.943 million bushels (4.27 MMT). That was not only below the record 165.384 million bushels (4.5 MMT) in December, but also below the average forecast of analysts surveyed by Reuters of 162.4 million bushels (4.42 MMT).The NOPA report indicated the average oil yield in January was...
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...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
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...
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.