World Perspectives
livestock

Livestock Roundup: Cattle on Feed Preview

USDA will release its Cattle on Feed report tomorrow; the pre-report consensus analysts’ estimate is for the inventory of cattle on feed as of 1 September to be 101 percent of last year. August placements and marketing are expected to be 98.5 and 96.5 percent respectively of last year’s totals. There was one less day in August 2024 compared to August 2023.

As always, the range for placement forecasts is the widest. The differing points of view are over the potential effects of weather, since August was drier than normal which would lead to more placements, versus total feeder cattle sales which were down from a year ago implying fewer placements.

Cattle on feed totals and placements start to pick up in August and continue...

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Greeley JBS Beef Plant on Strike

The JBS beef plant in Greeley, Colorado, went on strike yesterday. Today is day two of the labor shutdown. The Greeley plant can process about 6,000 head per day, or 5 percent of the U.S. beef supply. This is a major disruption. Notably, it comes on the heels of Tyson closing its plant in Lexin...

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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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