Today at a public meeting of the White House Competition Council, President Biden announced the second of three promised livestock marketing rules under the Packers and Stockyards Act (PSA): the proposed Inclusive Competition and Market Integrity Rules “to protect farmers and ranchers from abuse.” These rules have been more than a year in the making, with the Administration issuing a request for information in March 2020, and an Executive Order in July 2021. As we reported, the first rule on the poultry “tournament pricing” system was proposed on 19 May. As we noted, This troika of rules is essentially a redux of the then-Grain Inspection Packers and Stockyards (GIPSA) rules put out by the Obama Administration...
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.