World Perspectives
livestock

Hogs and Pigs Report: Status Quo Numbers

USDA released its first quarterly Hogs and Pigs report for the year today. At 72.86 million head, the total inventory as of 1 March was slightly above last year’s 72.69 million head.  The report was generally in line with pre-report expectations, except there were a few more market ready hogs than expected, a slightly bearish situation. But looking forward, farrowings for the first two quarters of this year were below the consensus forecasts, a bullish situation. Hog prices started to slide in mid-March, which could affect actual farrowings versus the reported intentions.   Every report last year showed most categories down from 2021; this report which shows a steady course of status-quo was a bit of a turn-around...

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feed-grains soy-oilseeds wheat

Market Commentary: Down on the Day but Some Ups for the Week

Most of the major agricultural commodity contracts opened today’s trading session in the red and stayed that way to the close. Only feeder cattle and lean hogs managed small gains on the day. New contract lows were hit for December soyoil, September SRW and September HRW. Volume was overa...

wheat feed-grains soy-oilseeds

Summary of Futures

Dec 24 Corn closed at $4.1/bushel, down $0.1075 from yesterday's close.  Sep 24 Wheat closed at $5.235/bushel, down $0.1425 from yesterday's close.  Nov 24 Soybeans closed at $10.485/bushel, down $0.31 from yesterday's close.  Dec 24 Soymeal closed at $324.7/short ton, down $4.5...

Friday Shorts

Non-Meat: In a first, a Europe-based company has sought EU approval to market lab-grown meat, in this case fake foie gras. Some member states have already banned such products. While lab-grown meat remains expensive, and plant-based meat substitutes have faced declining popularity, the increase...

feed-grains soy-oilseeds wheat

Market Commentary: Down on the Day but Some Ups for the Week

Most of the major agricultural commodity contracts opened today’s trading session in the red and stayed that way to the close. Only feeder cattle and lean hogs managed small gains on the day. New contract lows were hit for December soyoil, September SRW and September HRW. Volume was overa...

wheat feed-grains soy-oilseeds

Summary of Futures

Dec 24 Corn closed at $4.1/bushel, down $0.1075 from yesterday's close.  Sep 24 Wheat closed at $5.235/bushel, down $0.1425 from yesterday's close.  Nov 24 Soybeans closed at $10.485/bushel, down $0.31 from yesterday's close.  Dec 24 Soymeal closed at $324.7/short ton, down $4.5...

Friday Shorts

Non-Meat: In a first, a Europe-based company has sought EU approval to market lab-grown meat, in this case fake foie gras. Some member states have already banned such products. While lab-grown meat remains expensive, and plant-based meat substitutes have faced declining popularity, the increase...

livestock

June Cold Storage Report

June 2024 total red meat and poultry stocks were up slightly from May but 5.4 percent below June 2023 levels due to sharp declines in poultry and pork stocks. Total poultry stocks were down 7.8 percent year-over-year (YoY) due to reductions in broiler slaughter for the month. Total pork stocks...

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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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