USDA will release its Cattle on Feed report tomorrow, along with the December quarterly Hogs and Pigs report. The cattle markets are anticipating the Cattle on Feed report; since the Friday after Thanksgiving futures prices have been volatile, but definitely bearish. Some participants have called it a meltdown. The June live cattle contract peaked at $185.40/cwt and bottomed out at $163.65/cwt. It is now above $171/cwt. Feeder cattle have followed the live cattle market’s ups and downs since September. Placements have been greater than expected since September when the market started to turn softer. Typically, October is the top month for placements, and then they start to tail off. Friday’s report wil...
The U.S.-Mexico-Canada Agreement (USMCA) enters its mandated six-year review on 1 July. The original intent of the review is outlined in Article 34.7, which obligates members to: Provide recommendations and decide on appropriate actions. Extend the USMCA for another 16 years and meet aga...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
Key Takeaways: Drought remains a major threat to global agricultural production, particularly in regions with limited rainfall and growing water scarcity. Commercially available drought-tolerant traits in corn, soybeans, and wheat have generally delivered modest yield improvements, limiting th...
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.