World Perspectives
livestock

Livestock Roundup: Hogs and Pigs Report Mostly Neutral

Today, USDA released its quarterly Hogs and Pigs report for the June through August quarter.  The total inventory of hogs and pigs on 1 Spetmeber was 76.48 milllion head, which was up from 76.133 million head in 2023.   Typically, inventories grow from 1 June and peak for the year on 1 September, dropping back down on 1 December; 2018 and 2022 were the exceptions where 1 December inventories grew above the September inventory. The 2024 1 September inventory was up 2.6 percent from the inventory on 1 June. That compares to an average of 2.7 percent from 2018 to 2023, despite those years seeing some voliatility.   Note that the 1 June inventory was revised with the September report. Other revisions made in today...

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Going up with a Bang

A futures contract that persistently moves up or down by just a penny or two each day imposes its own burden on the market. While speculators are said to prosper from volatility, and sellers want higher prices and buyers prefer them lower, everyone prefers a story. Apparently, the cotton market...

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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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