World Perspectives
livestock

Red Meat and Poultry Situation

As WPI reported last week, the October WASDE increased its projection for beef production by 205 million pounds on higher slaughter and heavier carcass weights and increased the 2025 forecast for beef production by 300 million pounds. Nonetheless, October slaughter is starting slowly. Total slaughter last week was 586,000 head, a 4.1 percent drop off from the week before and 4.9 percent below the same week last year. Fed slaughter was 468,000 head. This week the outlook is for 482,000 head fed slaughter, which would be about 3 percent lower than last year. Slowing the pace of exports has helped the cut-out value and bolstered packer margins. Last week, the choice cutout was $313/cwt, which was up $8.70/cwt from last year. While heavier wei...

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Summary of Futures

Dec 24 Corn closed at $4.0125/bushel, down $0.07 from yesterday's close.  Dec 24 Wheat closed at $5.795/bushel, down $0.0575 from yesterday's close.  Nov 24 Soybeans closed at $9.91/bushel, down $0.05 from yesterday's close.  Dec 24 Soymeal closed at $311.8/short ton, down $3.5 f...

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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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