China readily out-consumes the rest of the world in poultry eggs and Taiwan is reportedly having problems affordably sourcing all the eggs being sought. Global egg consumption is expanding along with population and as a low-cost protein, its demand is relatively inelastic. The pandemic shifted consumption from HRI to retail and the home, but it did not hurt demand. One problem was a slowing in production in Q4 2021 for the world’s second largest producer, the U.S. At the same time, U.S. egg exports in 2021 grew by nearly 3 percent above year ago levels. Given its greater feed conversion efficiency and global demand for animal protein, egg production and consumption will continue to expand. ...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.