World Perspectives

Q1 GDP Comes in Low, Interest Rate Expected to Stay High

The Q1 2024 GDP was 1.6 percent, well below the pre-report consensus expectation of 2.4 percent, and down from 3.1 percent in Q1 2023 and 3.4 percent in Q4 2023. That rate was the slowest in almost two years, dating back to Q2 2022.  Recall that in the 2 February Ag Perspectives report on Q4 2023 GDP (which came in higher than expected), WPI noted two factors supporting the bump in late 2023 GDP which were at risk of becoming a drag on GDP this year.  … government purchases at both the federal and state level were up in Q4, but with ongoing government budgetary pressures that could change. Another boost to the GDP was the increase in private inventories in Q4, but will businesses see the need to continue to build invento...

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Cold Storage Report: Up over Last Month, Down on the Year

The Cold Storage report for January showed that red meat and poultry supplies rose from the month ending December, but total supplies are down from a year ago and well below the 5-year average. Total supplies were 1.878 billion pounds, down 2.5 percent from a year ago. This indicates a tighteni...

feed-grains soy-oilseeds wheat

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Cold Storage Report: Up over Last Month, Down on the Year

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Hog and Pork Outlook

The recent volatility in lean hog futures — from fresh contract highs at the end of January to the dramatic early-February selloff — has many in the industry (and WPI clients) wondering what will happen next. WPI’s latest analysis indicates that while pork demand remains stron...

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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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