Holiday Season Starts Strong With a pipeline full of protein, seasonal holiday demand started strong with Thanksgiving. As of 31 October, cold storage stocks of turkey were lower than year-ago levels after the second consecutive month of drawdowns. The total pounds in freezers were 96 percent of last year and 79 percent of the previous month. Total red meat in cold storage was 99 percent of both the previous month and October 2017, driven by reductions in pork inventories that left those supplies down 3 percent from September and 5 percent lower than a year ago. Frozen pork was 97 percent of September and 95 percent of last year. Bellies were drawn down to 88 percent of last year’s inventory. Beef, however, was 102 percent of both a...
Given yesterday’s headlines, today’s market action may not be what many expected. The dollar is little changed, crude oil is pulling back and stocks are trading higher. Crude may be the biggest piece of today’s reversal. Saudi Arabia is offering additional crude to Asian buyer...
Key Takeaways: Managed money is holding more than one million net-long contracts across agricultural markets, with corn, soybeans, and soymeal all reaching record net-long positions in September. Fundamental concerns surrounding yields, supplies, and global availability have helped justify the...
Under an Executive Order on 4 September, USDA announced $50 million in new funding to help states establish or expand meat and poultry inspection programs as part of an effort to increase processing options for livestock producers. It’s called the Stand-Up Program, which will help states...
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.