World Perspectives
livestock

WASDE Mid-Year Livestock and Poultry Forecasts

The July WASDE upped the projections for red meat production and trimmed the broiler forecast by 85 million pounds. 

The beef forecast is up on heavier weights. To benchmark, the average slaughter weight last week at 1,383 pounds was up 39 pounds per head compared to a year ago. Much of that is due to lower cow slaughter – both dairy and beef cows – and a higher percent of the slaughter coming from fed steers and heifers. WPI has commented on this previously.   Slaughter last week was 50.9 percent steers, 30.8 percent heifers, and 16.5 percent cows. For the same week last year, cows were 20.1 percent of total slaughter. Based on slaughter of 633,000, last year’s cow slaughter would have been about 127,20...

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Schumer Planning a Bill to Force Divestiture in Meat Industry

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feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.465/bushel, up $0.0075 from yesterday's close.  May 26 Wheat closed at $5.74/bushel, down $0.0325 from yesterday's close.  May 26 Soybeans closed at $11.705/bushel, up $0.065 from yesterday's close.  May 26 Soymeal closed at $314.7/short ton, up $1.8 from...

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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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