USDA held total red meat and poultry production steady in today’s WASDE. Broiler production was reduced 0.33 percent from last month based on hatchery data and the rate of production, but that was offset by a light increase in beef, particularly from non-fed slaughter as beef cows are being culled (though dairy cow slaughter is down) and a 0.55 percent increase in pork production. As the table at the end of this report shows, slaughter weights are up to 294 pounds and slaughter last week was 2.789 million head. That’s the highest volume since 21 March which was 2.8 million, and in the top five volume weeks historically. Since COVID, the forecast for annual production is down 3.3 percent for broilers, 2.2 percent for pork,...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.