Drought, feed costs, and supply are weighing on milk production. The latest monthly data show that May daily milk production per cow is down half a pound from April; that is atypical. Over the past two decades only twice has daily milk production per cow dropped more than 0.5 pounds from April to May. Once was last year, in the height of the COVID pandemic, milk dumping, and drying cows. As we wrote last April: With schools closed (school lunch and school milk programs) and restaurants shut down (significantly impacting cheese demand), and the short-term grocery boom having played out, there is more milk than there is demand or ability to process it. Several large processors are reducing their milk deliveries, resulting...
WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “...
What You Need to Know Today: The surprises from the USDA’s Acreage report were a sharp reduction in winter wheat area from the March Prospective Plantings estimates and a larger-than-expected increase in corn area. The Grain Stocks report offered relatively few surprises, but quarterly d...
On Monday, the Trump Administration suspended the countervailing duties (CVDs) on phosphate fertilizer imports from Morocco via Executive Order. The CVDs were imposed in 2021 by the Biden Administration and were subject to a routine five-year sunset review. According to the Agricultural and Foo...
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.