Yesterday we covered the quarterly Hogs and Pigs report from USDA, which showed the U.S. swine herd hasn’t broken out of its down cycle; the September inventory was the third consecutive year of a smaller herd compared to the prior year and the lowest since 2017. The same thing has not been happening in Brazil, however. The Instituto Brasileiro de Geographica e Estatistica (IBGE) quarterly report on meat and livestock was released yesterday showing that through Q2 of 2022, hog slaughter was at a record high of 14.07 million head. Slaughter was 107.2 percent of the same period last year, and 132 percent of 2017. The herd build-up was driven by China’s ASF situation and the global demand for more exports, but production has...
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.