New Trade Agreements U.S. and Indian officials say that bilateral trade negotiations are progressing on a comprehensive deal to expand earlier completed chapters on market access, NTBs and purchases. Prime Minister Narendra Modi has become more free trade oriented since consolidating his power in government, though there are warnings that a final deal could still take years, although there are advocates for implementing chapters as they are completed. Meanwhile, Vietnamese Prime Minister Lê Minh Hưng met with Deputy U.S. Trade Representative Rick Switzer and said both countries are working to complete a trade deal that was outlined in principle last year. Hold the Beef European policymakers have resumed negotiations over the biotech a...
Key Market Insights Macro markets delivered a full whipsaw today. Early in the session, crude oil had rallied back above $100/barrel as traders priced renewed concern over the U.S.-Iran standoff and potential supply risk through the Strait of Hormuz. That strength helped pull grains off their o...
Key Takeaways: Major meatpackers are seeing massive losses in their beef divisions, with cattle prices at record levels amid low inventories. Drought continues to persist in cattle-producing areas in the U.S. Cattle herd rebuilding is not at the levels needed to meaningfully raise total cattle...
USDA’s monthly cattle on feed report for 1 May will be released tomorrow. Analysts’ pre-report consensus estimates are for the total inventory on feed to be 101.4 percent of last year. Those estimates imply an on-feed inventory of 11.535 million head. This is the first year-over-yea...
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.