World Perspectives
livestock

Livestock Round Up: COF Preview

USDA will release its Cattle on Feed report tomorrow; analysts’ pre-report estimates peg the total number of cattle on feed as of 1 April at 95 percent of April 2022, which was the highest total on record for the month of April.

There was at least one prediction of high placements in March, up to 99 percent of last year’s 1.99 million head, but the average came out to 95 percent. Much tighter ranges for inventory and marketings as typical. Marketings for the month are expected to be 99 percent of the year ago total of 2 million head.

The drops in total expected total inventory and placements, and the spread with markets helped boost the June and August live cattle contracts, while the April contract followed cash prices do...

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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.

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