Tomorrow the House Rules Committee will meet to consider a rule for a one-year extension of the 2008 Farm Bill that "with certain modifications and exception" would "make supplemental agricultural disaster assistance available for fiscal years 2012 and 2013." The measure is expected to go to the House floor on Wednesday or Thursday this week.The bill costs $621 million and extends the Livestock Indemnity Payments (LIP), Livestock Forage Disaster Programs (LFP), Emergency Assistance for Livestock, Honey Bees, and Farm-Raised Fish (ELAP), and the Tree Assistance Program (TAP). To pay for those extensions, the bill assumes certain cuts already provided for in the House Appropriations Committee's Agriculture Appropriations bill and takes some...
Beef packer margins deteriorated to $141/head last week, down $55 from the prior week as fed cattle prices strengthened while the Choice cutout remained nearly unchanged. The cutout held near $373/cwt while fed cattle prices climbed $4/cwt to $224/cwt, narrowing processor profits. Despite the d...
What You Need to Know Today: Corn and soybeans were under heavy selling pressure as weaker (or at least as-expected) export demand runs into an accelerating harvest pace with more grain available in the spot market. Corn and soybean harvest progress remains below average across the U.S., espec...
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.