Some bullish factors in the U.S. include cheese and butter stocks in cold storage as of July that are at levels below the five-year average, which pushed up prices for both above projections. Moreover, the strength of the U.S. dollar has added to the gap between U.S. and global prices. Bearish Global Dairy Market Won't Slow U.S. Production Rabobank has issued a report on global dairy prospects that predicts at least a year of low prices for milk. Key factors are a reduction in Chinese imports, the current embargo Russia has placed on EU dairy products and the approaching end to EU dairy quotas. EU production is up more than 5 percent in 2014, and this month will see increased seasonal production in the Southern Hemisphere as New Zealand w...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
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.