In addition to stronger demand, dairy producers are enjoying good margins. This is despite milk prices being down from previous years and exports starting to tail off because of the strength of the U.S. dollar.The Dairy markets remain the most interesting markets to date. As we’ve reported previously, prices for butterfat are up based on consumer demand for full fat dairy products. Beginning this month, even McDonald’s is transitioning from margarine to butter for use with its breakfast sandwiches, which are also going on the menu full time instead of limited to morning hours. The chart below shows the component pricing for September:Although demand for butter remains strong heading into the holidays and production is still running below av...
What You Need to Know Today: A third U.S. border crossing (Columbus, New Mexico) has reopened to Mexican cattle imports following nearly two years of restrictions related to New World screwworm. The reopening could gradually improve feeder cattle availability, although more than 60 confi...
Yesterday, the USDA’s Agricultural Marketing Service (AMS) released a new report of negotiated cash purchases of cattle under the mandatory price report. The report included Colorado, New Mexico, Oklahoma, Texas, and Kansas. The goal of the report was to solve the confidentiality issues e...
Key Takeaways: U.S. soybean crushing began in 1911 and saw its most rapid expansion during the 1930s amid the broader agricultural and technology revolutions of the time. After peaking in the early 2000s, the soybean crushing industry went through a downturn as poor crush margins forced...
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.