Cattle Market to Tighten in 2020 Going into 2020, the beef cattle inventory is likely to be down. The cattle inventory data will be released by USDA on 31 January, but based on 2019 trends, it is likely to be down from the herd as of January 2019, which, at 94.8 million head was slightly larger than at the start of 2018. The cattle cycle has been up since January 2014, when the herd hit 70-plus year low at 88.2 million head. But, 2019 saw herd liquidation as heifer retention decreased and the number of females in the slaughter mix increased. Through the end of November, beef cow slaughter was up 3 percent, the highest in more than five years. Dairy cow slaughter was up 2.3 percent. This is the fifth year of increased total cow...
What You Need to Know Today: Funds remain in control of the market, which means broadly bearish trade for the ag sector. Monday’s massive corn export sale to Mexico helped trigger some short covering and a bit of other end-user buying in corn, which could help stabilize the market. Wheat...
With less than 24 hours until Election Day, control of the Senate remains a wild card. Republicans and Democrats alike say they are poised to win control of the chamber in the new Congress that starts in January 2027. The House of Representatives is more of a lost cause for continued Republican...
Key Takeaways: U.S. hog and pork prices have declined sharply, with December lean hog futures ending October at $58.875/cwt and the pork cutout reaching its lowest level since January 2021. Seasonal increases in hog slaughter and pork production have contributed to price weakness, although the...
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.