There is a global abundance of grain and oilseeds and while meat animals are being euthanized due to a lack of slaughter capacity and total production is declining, dairy production has not faltered in the same way. This means that corn, DDGs and soymeal should increasingly find a home in dairy feed rations where possible. Dairy production has been expanding but most notably in India. A decade ago, India produced 16 percent less milk than world leader the EU. Now India is producing 26 percent more dairy than Europe. One of the factors has been an improved ration, switching from paddy straw and other low-quality ingredients to protein crops like grounds nuts and sesame. Still far from an optimal ration and a factor in why India&...
What You Need to Know Today: Cattle futures extended their sharp selloff Friday as weakening cash cattle prices, deteriorating feedlot profitability, and reduced packer demand continued to weigh on the market. The inability of futures to sustain a rally following last week's bullish Cattle on...
As predicted, the Federal Reserve held rates steady at the last meeting before the midterm elections, likely in part because of the election (see WPI 19 October and 22 September). The decision comes at the tail end of a midterm election cycle that has been marked by the two parties campaigning...
Key Takeaways: WPI’s new EU rapeseed crushing margin models point to weaker processing returns over the next four months due to higher rapeseed procurement costs and weaker product values. Statistical forecasts call for German crushing margins to decline from €181/MT to €...
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.