Aussie Livestock in China In the past few years, China has transitioned from being a non-market to an open market and then a closed market for U.S. ethanol and DDGS. At one point, its demand drove DDGS prices to more than 130 percent of the price of corn. In addition, China became the largest market for ethanol exports last year. Both those opportunities have closed, primarily through the adoption of new tariffs on imports. DDGS demand was highest when China needed the feedstuffs, and ethanoll demand peaked when it began using biofuels without having its own production. Now as the country pursues self-sufficiency in corn, pork and chicken as well as biofuels, the imports that “primed the pump” are now locked out. The same tr...
What You Need to Know Today: U.S. Treasury Secretary Bessent said the U.S. and Iran could “today or tomorrow” reach a deal to reopen the Strait of Hormuz. Despite the Secretary’s claims, an attack on a vessel off the Omani coast suggests plenty of risk remains in forming a lo...
Beef packer margins slipped modestly for the first time in four weeks, declining $15/head to -$78 as fed cattle prices firmed while boxed beef values continued to weaken. The Choice cutout eased another $2.63/cwt to $364.69, while dressed cattle prices fell only $2.76/cwt to $362.25/cwt, limiti...
Key Takeaways: Offal represents an important segment of global meat trade by adding value to underutilized portions of livestock carcasses and improving overall resource efficiency. Strong export demand for products such as pork variety meats and chicken feet allows processors to maximize carc...
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.