For the past few weeks, hot weather has impacted feeder cattle sales to feedlots; that’s something that is likely to show up in the Cattle on Feed report later this month. The heat, and in some places humidity, adds risk to transporting cattle, as well as the performance of cattle on feed. There have been reports of sale barns cancelling sales due to the heat, which likely is postponing placing cattle on feed. And as we have reported previously, placements in the first half of the year – especially between March and June – have been higher than expected, creating a bow wave for the supply of feed cattle moving forward. An inevitable big drop in placements was seen in July. It’s a significant issue to watch as...
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.