EconomyDeflation continues to be a problem with the Producer Price Index declining in November for the 26th month in a row. Consumer inflation was expected to increase 0.5 percent after rising 0.3 percent in October, but instead it rose by just 0.2 percent, a five-month low. Despite economic softness, the price of pork rose 13.7 percent and fresh vegetable prices were up 10 percent. 12112024china_cpi.png 22.35 KBOilseedsThe General Administration of Customs said soybean imports in November totaled 7.15 MMT, a 9 percent drop year-on-year, but a record volume for the year is still expected. The December update of the Chinese Agricultural Supply & Demand Estimates (CASDE) reduced expected 2024/25 edible oil imports by 700 KMT to 7.73...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
We have described the long-term investment climate in crop and livestock production, using data primarily from the Bureau of Economic Analysis (BEA). The data provided background on the current investment climate and outlook for agricultural capital formation. Our conclusion was that investment...
Yesterday, the USDA released its monthly World Supply and Demand Estimates (WASDE), forecasting tighter beef and pork supplies and growing broiler supplies, resulting in a tighter red meat supply. Broiler production, however, continues to grow and is forecast to be up more than 3 percent. Beef...
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.