Year-to date-pork production is down from expectations, and chicken production is off to a fast start. Where’s the Pork? Pork packer margins have dropped precipitously from 1 January to date as the chart below shows, based mostly on the increase in hog prices as cutout values have remained steady to slightly up.This is somewhat curious as the swine herd has been large and growing, and prices should be more bearish than on the bullish trend they have been exhibiting. The following table details the 1 December Hogs and Pigs Report. Slaughter in the first eight weeks of this year should be right in the midst of the 50-119 pound weight category of pigs on 1 December, which the table shows was up 4 percent over last year.However, the higher in...
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.