USDA released the U.S. Canada Hog Inventory Report yesterday. The U.S. data is based on the quarterly Hogs and Pigs Report which is as of the second quarter ending on 1 June and the data for Canada is a semi-annual report as of 1 July. This is always an insightful benchmark because of the integration of the two countries’ industries, though Canada’s swine herd is typically about 19 percent of the U.S. swine herd. As of mid-year, the inventory of all hogs and pigs in the U.S. and Canada was 88.4 million head, which was 101 percent of 2023 and 102 percent of 2022, its recent low point. The volatility of the hogs and pigs inventory in the past several years reflects the discovery of ASF in China and the disrupti...
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.