World Perspectives
livestock

Livestock Roundup: ASF and Turkey; Hog Expansion Not Slowing

ASF and Turkey Turkey prices have been in a relative tailspin for two years. Wholesale hen prices started dropping in mid-2017 from about $1/pound and reached below $0.80/pound by December 2018. Prices have firmed in the past few months, largely due to exports, and a good portion of those sales has been the result of Mexico’s hedging against the African swine fever (ASF) impact on pork prices. Turkey can be used as a substitute for pork in processed products. Total U.S. turkey exports in April were 108 percent of April 2018, which marked the first year-over-year growth since October 2018. In May, exports were 121.5 percent of May 2018. Mexico bought 16,000 MT that month, a year-over-year increase of 117 percent. However, other cou...

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livestock

Livestock Industry Margins

The pork industry saw production margins improve last week as strong pork demand lifted prices for both the pork cutout and physical hogs. Pork packer margins ticked slightly higher as gains in the pork market outpaced those in the hog market while higher lean hog futures and a slight dip in fe...

feed-grains soy-oilseeds wheat

Market Commentary: Cattle Hit New Records while Wheat Hits New Lows; Planting in Focus

The CBOT was mostly lower to start the week with expectations of favorable planting progress in this afternoon’s Crop Progress report creating much of the pressure. Wheat was the big loser for the day with favorable weather in the major growing regions prompting a strong wave of selling f...

Quick Hits

Canadian Elections: Canada is going to the polls today. Earlier in the year, the Liberal Party was out of favor in Canada, but Trump’s talk of the 51st State has changed the dynamics of the election. Canada has six time zones, so the final results will be in late tonight.  SCP Safegu...

livestock

Livestock Industry Margins

The pork industry saw production margins improve last week as strong pork demand lifted prices for both the pork cutout and physical hogs. Pork packer margins ticked slightly higher as gains in the pork market outpaced those in the hog market while higher lean hog futures and a slight dip in fe...

feed-grains soy-oilseeds wheat

Market Commentary: Cattle Hit New Records while Wheat Hits New Lows; Planting in Focus

The CBOT was mostly lower to start the week with expectations of favorable planting progress in this afternoon’s Crop Progress report creating much of the pressure. Wheat was the big loser for the day with favorable weather in the major growing regions prompting a strong wave of selling f...

Quick Hits

Canadian Elections: Canada is going to the polls today. Earlier in the year, the Liberal Party was out of favor in Canada, but Trump’s talk of the 51st State has changed the dynamics of the election. Canada has six time zones, so the final results will be in late tonight.  SCP Safegu...

Hard Hit with Benefits; American Consumerism; AI’s Trump Trade Solution

Hard Hit with Benefits U.S. agriculture will likely bear the brunt of retaliation by trading partners responding to Mr. Trump’s tariff war, but it could also be the largest beneficiary. Various capitals easily calculate that U.S. farmers strongly supported Trump for President, with farmin...

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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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