Hogs and Pigs Report Coming USDA releases its quarterly hogs and pigs inventory report after trading closes today and ahead of the three-day holiday weekend. The December-February pig crop is estimated to be 33 million head or 103.7 percent of the total in the same period last year. If this is correct, it will be a record for that quarter and the fifth time in the past seven quarters that the total exceeded 32 million head. Sows kept for breeding are estimated at 6.189 million head or 101.5 percent of the same quarter a year ago, overall total inventory is pegged at 103.1 percent. Pigs-saved-per-litter in the December-February quarter are expected to be 10.54 head. Spring and summer farrowing intentions are estimated at 102.1 percen...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
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.