Geographical changes in dairy production have been a long unfolding trend, but today’s USDA release of milk production and milk cow inventory by state reinforces the magnitude of how the dairy industry is changing – showing the continued evolution of “cheese states.” The long transition away from fluid beverage milk consumption toward manufactured dairy products, especially cheese, has had the biggest impact on the dairy industry. Since 1975, fluid milk consumption has decreased 46 percent while cheese consumption has increased 169 percent. The two axes in the chart below show fluid milk consumption in pounds of milk (this includes low fat milk which weighs less per pound – 8.5 pounds – and whole m...
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.