USDA’s Cold Storage report for July showed the volume of beef and pork continuing to decline. There is a natural seasonal decline as the summer barbeque season spikes demand, but there is also a decline year-over-year. Pork and beef production are rebounding and could restock freezers, but efficiency suggests that carrying excess stock is an expense that should tighten with improved market information. The beef processing margin is down 28 percent year-on-year. Cattle and beef prices should start to slide as the heightened demand during summer’s barbeque season now subsides. Pork in cold storage reflected some division as the volume of pork bellies declined but hams and other cuts increased. Hog prices are flat, but the...
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.