USDA’s National Veterinary Services confirmed three new cases of New World Screwworm, including one in a calf in La Salle County, Texas, a goat in Texas, and a dog in New Mexico. That brings the total to six cases. The border to Mexico is closed, with Mexico now implementing a prohibition on U.S. cattle moving south, and Canada has also closed its border to cattle from Texas. The House Agriculture Committee held a hearing on the state of USMCA. The Trump Administration re-negotiated NAFTA, which was ratified in 1994, during his first term, renaming it USMCA. USMCA has been in force since 2020. In a press availability from the Oval Office, Trump said, “NAFTA had no termination. USMCA did one thing that I loved. After six years it...
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.