USDA released its monthly Cattle on Feed report today; the inventory of cattle and calves on feed in feedlots with 1,000 head capacity or more on 1 April was 11.6 million, or 96 percent of April 2022 – above expectations. That total matched the 1 March inventory, and the year-over-year drop in March. This is the seventh consecutive month where on-feed inventories are lower than year-ago levels, casting the dye for the rest of the year. This was also the quarterly report that provides a breakdown of steers and heifers. There were 7.12 million steers and steer calves, 94 percent from the previous year. This group accounted for 61 percent of the total inventory. Heifers and heifer calves accounted for 4.50 million head, 98 percent...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
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.