China is the world’s largest pork producer with output double the size of the second biggest pig maker, the EU. ASF caused the Middle Kingdom’s pork production to plummet and it has used high prices and imports to manage the resulting deficit. There is disappointment in the U.S. that China has not been buying more pork from America, especially with Germany now out of contention. There is at least one conspiracy theory that more pork has been going to China than realized as nontraditional mechanisms are being used to help Beijing minimize the import dependency. In any event, the world’s top pork exporting countries have all been expanding herds. The biggest percentage change this decade has been in the U.S. with 22.7...
What You Need to Know Today: President Trump claimed the ceasefire between the U.S. and Iran was over, as both sides accused one another of violating the terms of the agreement. Commercial vessels are increasingly steering clear of the Strait of Hormuz as security risks escalate following Iran...
Key Takeaways: The CME Group is launching new 90 percent Lean Beef and 50 percent Lean Beef futures and options contracts in July. There are five key factors that must be present in physical markets and futures contract specifications for futures contracts to become successful. The two l...
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.