U.S. gasoline prices are up 60 percent June to June and deservedly receive more than food price inflation. Year to date, consumer food inflation is at 6.7 percent, though USDA expects it to be closer to 8.5 to 9.5 percent. The meat category is a main component pulling it higher with consumer inflation at 12.14 percent. This contrasts with a 20-year average of all consumer food advancing at a 2.4 percent annual rate. USDA expects consumer food inflation to cool dramatically in 2023 to 2.5 to 3.5 percent, closer to its historical average. At the producer level, cattle prices in 2022 will advance 12.5 to 15.5 percent, versus pork at -1.5 to 1.5 percent. However, the real price spike is occurring in dairy and poultry. To manage inflation...
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.