Inflation is a hot topic lately; it is the reason why the Fed has signaled it will raise interest rates three times next year. Moreover, it is why Senator Joe Manchin (D-West Virginia), a key swing vote in the Senate, has come out against the Administration’s Build Back Better legislation. Inflation has been cited by the White House as proof of “corporate greed” to be addressed by more vigorous anti-trust policy, especially with regard to meat, and particularly beef. Demand for meat – especially beef – turned out to be unexpectedly high during 2020 (think about consumers’ freezer stocking and panic buying early in the pandemic, especially with limited supplies as slaughter was down). Again in 2021, the q...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.