Declining feed costs and higher prices for feeder cattle and cull cows have lifted WPI’s expectations of cow/calf profitability for 2020. Compared to our forecast one month ago, the “average” producer in Kansas is expected to lose $1.94/cow unit in 2020, an $18/cow unit improvement over the June forecast. More significantly, cow/calf producers are forecast to have returns $58 larger than was forecast this time last year. The improving profitability will be a welcome development for producers in Kansas and around the U.S. (who face similar but not necessarily equal profitability forecasts) after three consecutive years of negative returns. Since June, expected per-cow revenues have increased $7.74 thanks to firming f...
What You Need to Know Today: China’s state-run COFCO, in statements on Tuesday, implied that U.S. corn exports were currently uneconomical but hinted that the Middle Kingdom would import 3.5 MMT of the feed grain this year, with 1 MMT likely sourced from the U.S. Another drone attack has...
Tanker-tracking data shows a smaller recovery in oil flowing through the Strait of Hormuz than previously thought. Energy Secretary Chris Wright, speaking by video to an international energy conference in Riyadh, Saudi Arabia, said that oil moving through the strait was back to 80 to 90 percent...
Key Takeaways: While soybean, palm, sunflower, and rapeseed oils dominate global vegetable oil markets, premium oils such as olive, avocado, coconut, and sesame command substantially higher prices due to their distinctive flavors, nutritional characteristics, and specialized culinary uses.. Ol...
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.