While the March WASDE report projected U.S. beef consumption will increase for the first time since 2006, the U.S. cattle herd is also expanding after reaching 60-plus year lows in recent years, a trend likely to continue.The March World Agricultural Supply and Demand Estimates (WASDE) report projected U.S. beef consumption will increase for the first time since 2006 to 54.3 pounds, up a half-pound from last year. The primary reason for this: price.After reaching 60-plus year lows in recent years, the U.S. cattle herd is also expanding. The total inventory stood at 92 million head on 1 January, according to the National Agricultural Statistics Service (NASS). This is the first time it exceeded 90 million since 2012 and the biggest year-over...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Consumer spending is a key driver of the U.S. economy, and the latest retail sales data indicate that spending remains robust despite inflation. In September, total retail and food service sales rose more than 6 percent year-over-year, with food service spending up 7 percent and...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
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.