Cattle on Feed Preview USDA’s monthly Cattle on Feed report will be released tomorrow. Pre-report estimates from the industry peg the total number of cattle on feed as of 1 August to be 100.6 percent of last year with July placements expected to be 99.5 percent. The trade guess for marketings in July is 106.8 percent of July 2018. Note that July had one more weekday this year than in 2018.While the total inventory on feed would be a record for 1 August, the pace of growth is slowing (see chart below). Combined with expected placements falling off, tomorrow’s report is expected to be bullish. Providing further support for the bulls is today’s Cold Storage report, which shows 601.790 billion pounds of pork despite record-h...
What You Need to Know Today: Crude oil prices extended their rally today, supported by several developments, including escalating Houthi attacks on Saudi Arabian oil infrastructure and growing concerns about supply disruptions. The Trump administration is reportedly preparing to remove 50 perc...
Key Takeaways: The agricultural trade surplus has become a sizable deficit: the balance swung from a $40.1 billion surplus in 2011 to a $40.7 billion deficit in 2025. Imports kept growing while exports lost momentum: between 2020 and 2025, agricultural imports increased 45 percent, compa...
USDA released its October Cattle on Feed report Friday, showing 11.4 million cattle in feedlots with capacity for 1,000 head or more, slightly below last year. September placements were the lowest for the month since records began in 1996, marking the third consecutive month of placements sett...
Regional News Dry weather across the UK and Europe is becoming increasingly concerning for the 2027 crops as planting intentions are lowered amid dry soil conditions. Delayed sowing or establishment under adverse conditions could leave crops more vulnerable to frost/freeze events and dise...
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.