World Perspectives
livestock

Livestock Roundup: Cattle on Feed Preview; FDA Label Guidance on Plant-Based Milk

USDA will release its Cattle on Feed report tomorrow; analysts’ pre-report estimates peg the total number of cattle on feed as of 1 February at 96 percent of February 2022. Last February was the record for February feed yard inventory. This would be the fourth consecutive month where on-feed inventories are lower than year ago levels.

Placements were forecast to be 97 percent of last year and marketings at 104 percent of last year. The ranges of estimates were relatively tight with the most variance in the placement category as typical.  

Yesterday, the FDA released a draft guidance on the labeling of plant-based milk alternatives. The guidance did not address meat alternative labeling, however. In 2018, the FDA reques...

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Lots To Do for Congress When They Return to Washington

Congress is in recess this week ahead of the Easter and Passover holidays, with much yet to do, including ending a partial shutdown and considering the “skinny” farm bill. Congress is scheduled to return on 13 April, though that may change, especially if the Homeland Security fundin...

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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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