World Perspectives
livestock

Record February Cattle on Feed

USDA released its monthly Cattle on Feed report today; the inventory of cattle and calves on feed was 12.2 million, right in line with expectations, and as WPI mentioned yesterday, a record for the month of February.   Average daily marketings were 88,650 in January based on 20 work days (one more than in 2021) when marketings were 96,200. December 2021 average daily marketings were 84,409 based on 22 workdays.   Marketings as a percent of cattle on feed inventory in January stayed below current at 14.5 percent – that compares to 15.1 percent last January, 15.4 percent in December and 15.6 percent in November.   In a nutshell, there are more cattle on feed despite a shrinking overall herd. Based on t...

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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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