World Perspectives
livestock

Livestock Round Up: Rocky Road to Rebalancing Beef and Cattle Markets

COVID-19 made a mess of things in the cattle and beef markets. Things are starting to normalize, but the ride is bumpy – and made even bumpier by poor pasture conditions and $7.50/bushel corn.   Compared to year ago levels, meat production last week was up by 51 percent; cattle slaughter up by 48 percent (slaughter weights were 10 pounds heavier this year over last), but last year at this time was when packing plants were being idled due to COVID. A better comparison for cattle slaughter is 2019. So far, cumulative slaughter for the year-to-date is 2.6 percent higher than in 2019.

However, cattle slaughter last week was down 2.4 percent from the week before, and actually was down 3.4 percent for the same week in 2019. Th...

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Jul 26 Corn closed at $4.635/bushel, down $0.0025 from yesterday's close.  Jul 26 Wheat closed at $6.1675/bushel, down $0.035 from yesterday's close.  Jul 26 Soybeans closed at $11.785/bushel, up $0.0375 from yesterday's close.  Jul 26 Soymeal closed at $319.1/short ton, up $2.6...

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biofuel energy

E15: What Does It Mean?

Previous administrations—including that of President Donald Trump—have promoted domestic consumption of corn and soybeans through expanded biofuel mandates and subsidies. The original framework for this policy was the Energy Independence and Security Act of 2007, which required the...

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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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