There are fewer cattle in most exporting countries and continued strong demand in importing countries, especially Asia. Beef Shortage Lower feed prices are fueling a beef herd rebuilding from the lowest level in 62 years within the U.S., and that's keeping market-ready cattle at thin levels. At the same time, demand is steady to strong. That means live cattle prices are high and so are beef prices. Dressed cattle prices hit $240.05 for Choice and $237.44 for Select yesterday, both record highs. As of 31 December, beef in cold storage was down 3 percent from last month and 6 percent from last year. USDA announced today that beef production and cattle slaughter were both up one percent in December 2013. However, December 2012 production was...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.