China’s National Bureau of Statistics reports that pork production increased 4.6 percent in 2023 to 57.94 MMT. This makes the fourth consecutive year of production increases since the trough of 2019 at the height of the African Swine Fever outbreak. Over 80 percent of soybeans in China are processed into meal as feed ration, mostly for hogs. However, the soybean consumption data and pork production do not evenly align. The government has been discouraging farmers from feeding soybean meal, despite it providing more optimal protein in the ration. Yet hog slaughter was up 3.8 percent last year to 726.62 million hogs, implying some productivity gain despite the government’s discouragement of using soybean meal. It should als...
The corn and soy complex closed higher, with the wheat market mixed, as winter wheat closed up but spring wheat and livestock ended lower. Part of the strength for corn and soybeans may have been a weather premium, as crop planting has started out fast but warm weather has been slow to develop...
Reflect for a moment on what you eat. There is a lot of advice out there in the ether about what you should eat, but really, what do you currently eat and how much? The good people at the USDA have some data for you, to help you answer that question. USDA says that we eat quite a bit of meat. L...
WPI recently completed an expansion of our methodology for estimating and forecasting U.S. and global soybean crushing margins. The new approach incorporates the energy market’s expanding influence on the oilseed sector and the structural changes in global biofuel demand. This report is i...
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.