A reader has pointed out that U.S. pork, a victim in the trade war with China, is priced lower than other suppliers, including less than half the value of EU pig meat. U.S. pig meat prices were actually seasonally lower in 2018 than this year. Moreover, U.S. and Canadian pork prices tend to move closer together and with greater volatility than those in Europe or Brazil. Nonetheless, the large dynamic is the relatively larger pork carryover stocks in the U.S., and the fact that they keep growing. U.S. pork prices are waiting a breakout based on prospective sales to China. Canadian pork sales to China have also been stymied for geopolitical reasons but there is no indication that they will be unleashed as a result of Washington’s pendi...
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.