WASDE As could be expected, yesterday's WASDE showed a decrease in meat and poultry production based on an increase in beef driven by drought liquidation, and a more-than-offsetting reduction in pork and poultry production. Pork is down on lower weights and fewer animals; poultry is down based on higher soybean meal prices. Interestingly, beef exports are held the same for the remainder of 2012 and drop in 2013 despite higher production. And as we reported last week, there is the potential opening of the Japanese market to U.S. beef.Like in the U.S., production costs are up substantially in Brazil. According to the Brazilian Ministry of Agriculture, pork and poultry production costs were at record highs in August. Pork production costs...
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.