The beef production forecast was up over last month based on the large number of cattle on feed. Specifically, December placements were the highest on record. On feedlots of 1,000 head or more capacity the total inventory was 12 million. That is the second highest January total on record. For feedlots of all sizes, the inventory was 14.7 million head, which was the same as last year and tied for the second highest total in a decade. However, year-over-year, beef production in 2022 is forecast to decline. Despite the large number of cattle on feed to begin the year, the number of feeder cattle outside feedlots was down, and at its lowest since 2015. That was a year when the cattle herd was near record lows, COOL was in place (fo...
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.