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livestock

Cattle on Feed Report Shows Processing Bottleneck

USDA released its cattle on feed report today and as expected marketings were at an historic low (since records began in 1996) at 1.46 million head. Placements were the second lowest total for the month on record. Total inventory was down to 11.2 million head compared to 11.3 million head on 1 April and the second month in a row with inventory at 95 percent of the same month in 2019. The average daily marketing of cattle was 66,318 head, based on 22 workdays in the month (the same as March when the daily marketing average was 91,365 head). Marketings for the month were 13 percent of the total in inventory on feed, compared to 18 percent in March and 15 percent in February.  Not surprisingly the biggest percentage jumps in placeme...

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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.

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