USDA’s quarterly Hogs and Pigs report will be released tomorrow, and the market expects the data will be in accordance with the department's long-term baseline.USDA’s quarterly Hogs and Pigs report will be released tomorrow, which will follow up on the December report that had a record inventory of all hogs and pigs in the U.S. as well as a record for pigs per litter. The market expects that the inventory of all hogs and pigs will be up from last year and that the breeding herd will also show an increase, while the pigs-per-litter number is anticipated to drop from last quarter on a seasonal basis but still remain high for the December-February quarter. This is in keeping with USDA’s long-term baseline trend that shows pork production up 8...
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.