World Perspectives
livestock

Cattle on Feed

USDA released its monthly Cattle on Feed (COF) report this past Friday, and many of the pre-report industry estimates were accurate (see Ag Perspectives, 19 October). The total number of cattle on feed as of 1 October was 10.8 million or 105 percent of last year, the largest October inventory since 2012. Placements in September totaled 2.15 million head or 113 percent of the same month a year ago, surpassing pre-report estimates and the largest volume for September since 2011. Marketings were 1.78 million head or 103 percent of year-ago levels. Placements were partially driven by drought conditions in the Plains, but that pace will necessarily slow moving forward. Another key point is that there was one less weekday in September 2017...

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U.S. July Fourth Holiday

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feed-grains soy-oilseeds wheat

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livestock

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feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.37/bushel, up $0.035 from yesterday's close.  Sep 25 Wheat closed at $5.5675/bushel, down $0.0725 from yesterday's close.  Nov 25 Soybeans closed at $10.4925/bushel, up $0.0125 from yesterday's close.  Dec 25 Soymeal closed at $292.2/short ton, up $1.4 fr...

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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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