The final numbers from livestock marketing for red meat production are in for 2021. Cash receipts are up 23 percent from 2020 to $101 billion. Cattle were $72.9 billion, and hogs were $28 billion. Broken down by species, cattle were up 15 percent and hogs up 46 percent. Interestingly, looking back at last week’s Cattle on Feed report, the mix of heifers on feed (reported quarterly) decreased a bit from the past two quarters, no doubt looking out to likely higher fed cattle prices in the second half of the year and through next year. The on feed inventory is large (a record for three of the four months so far this year), but the inventory of feeders outside feed lots is at its lowest level since 2015. It would appear heifers cou...
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.