July 2023 total red meat and poultry stocks were down from June and were 4.2 percent below July 2022 as beef and pork stocks continue to tighten. Once again, the big shock from the report was the decline in beef supplies that pulled red meat stocks down 13.5 percent from July 2022. Pork stocks were sharply lower as well and declined 10 percent year-over-year (YoY). Total poultry meat inventories fell 0.8 percent from June, below their normal seasonal increase, and were up 3.8 percent YoY. The report highlights the diverging trends for red meat and poultry stocks with poultry supplies increasing on industry expansion while multi-year declines in beef and hog herds are tightening supplies. ...
The U.S.-Mexico-Canada Agreement (USMCA) enters its mandated six-year review on 1 July. The original intent of the review is outlined in Article 34.7, which obligates members to: Provide recommendations and decide on appropriate actions. Extend the USMCA for another 16 years and meet aga...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
Key Takeaways: Drought remains a major threat to global agricultural production, particularly in regions with limited rainfall and growing water scarcity. Commercially available drought-tolerant traits in corn, soybeans, and wheat have generally delivered modest yield improvements, limiting th...
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.