World Perspectives
livestock

Cattle on Feed: Near Record April Inventory

USDA released its Cattle on Feed report today. The inventory of cattle in feedlots with a capacity of 1,000 head or more was 11.5 million head, up 105 percent from April 2020.   This is also the quarterly report where the percent of steers and heifers are reported. Inventory included 7.41 million steers, 105 percent of 2020 and 62 percent of the total inventory; heifers were 4.49 million head, 107 percent of 2020 and 38 percent of total inventory. 

Average daily marketings were 88,696 in March compared to 91,158 in February (March had 23 work days compared to 19 in February). Marketings as a percent of cattle on feed inventory in March were current at 17.1 percent, compared to 14.4 percent in February.  Placements c...

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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.

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