World Perspectives
livestock

WASDE Livestock Forecast and CPI

The Word Agricultural Supply and Demand Estimates (WASDE) report marginally increased the forecast for total red meat and broiler production by 0.1 percent compared to the November forecast, which itself was up 0.4 percent from October. Pork was lowered on lighter carcass weights; broilers are up on the supply of birds, pace of slaughter, and hatchery data. Beef production is up on heavier slaughter weights and the current pace of slaughter, which has been running strong for the past three months.   For next year, beef is forecast down dramatically, mostly from lower cow slaughter and fewer heifers in the mix, while pork is up. Both beef and pork forecasts for 2023 are unchanged from November. Broiler meat is forecast up for t...

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Mar 26 Corn closed at $4.365/bushel, down $0.0325 from yesterday's close.  Mar 26 Wheat closed at $5.095/bushel, down $0.1125 from yesterday's close.  Jan 26 Soybeans closed at $10.6275/bushel, down $0.09 from yesterday's close.  Jan 26 Soymeal closed at $302.4/short ton, down $1...

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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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