Despite less expensive feed last year, high cattle prices until the end of the year kept feedlot margins mostly in the red. With an expanded cattle supply and cheaper feedstuffs, however, this year looks to bring some stability back to feeding operations. Feeder Outlook With an expanded cattle supply and cheaper feedstuffs, this year looks to bring some stability back to feeding operations. Despite less expensive feed last year, high cattle prices until the end of the year kept feedlot margins mostly in the red. The higher costs of feeder calves more than offset the reduction in feed costs and also led to cattle on feed being held to heavier weights. Marketings of cattle from feedlots in 2015 were lower every month (except November and De...
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...
Beef packer margins plunged $105/head last week to $36/head as higher cattle prices combined with declining wholesale beef values to sharply compress packer profits. Fed cattle prices rose nearly $3/cwt to $227/cwt while the Choice cutout fell $4.75/cwt to $368/cwt. Margins have deteriorated $1...
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.