World Perspectives
livestock

More Beef than Bulls

Risk in the cattle and beef markets is stacked to the downside with large fed cattle supplies, growing cold storage stocks, and demand steady at best. The August Cattle on Feed (COF) report highlighted the large supply situation, but futures whipsawed back and forth for a few days before heading slightly higher. The move was in apparent disbelief that with packer margins over $250/head at the time, the cash market wouldn’t head higher since packers could pay much more for cattle. Since then, packers successfully avoided paying more for cattle or expanding kill rates, and the market has struggled to price this new information. Now with large supplies still in the pipeline and demand steady at best, the cattle markets are facing a risk...

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FOB Prices and Freight Rates App (Updated 4 March)

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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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