U.S. beef production has been falling but pork output is rising. The higher price of beef has made the consumption of competing animal proteins like pork and poultry more attractive. Thus, pork prices initially got a boost out of the extra demand created by the shortfall in beef availability. USDA’s forecast calls for beef production and exports to continue falling, as its price continues to rise. However, the spillover in the pork market recedes next year, when pork prices are forecast to fall, and the growth in pork exports continues to rise. The drop in beef output would be greater except feedlots are incentivized to increase the weight of the animals on hand. Average slaughter weights of hogs is also increasing. U.S. pork e...
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.