While cattle supplies remain tight, broilers are continuing to expand in both numbers and in heavier weights. Pork production is also expected to increase due to fewer losses from Porcine Epidemic Diarrhea virus (PEDv) and slaughter weights above historic averages. Broiler/Pork Expansion Impact on Beef Cattle supplies remain tight, driving cattle prices faster than retail prices. That is likely to be pressured by seasonal trends, which will keep cattle supplies relatively tighter in the last quarter of 2014 and first half of 2015.More cattle are expected to come to slaughter in the second half of 2015. However, in addition to the price pressure from light supplies of cattle, packers' margins will continue to be squeezed because of reduced...
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.