World Perspectives
livestock

Pork Demand Clears Out Freezers of Inventory

USDA released its monthly Cold Storage report today. Pork in cold storage as of 31 December was 408.361 MMT, 97 percent of November and 70 percent of December 2019, led by drops in primal cuts virtually across the board. That is good news for hog producers given the disruptions of 2020 – the volume continued to move. Boneless loins inventories were at record highs for December, while bone-in hams were at a record low for December. Production of bone-in hams for the second half of the year was up given the effects of COVID on fabrication. Pork production in 2020 was 102 percent of 2019, which was a good recovery after the spring plant shutdowns and the euthanization of pigs. The increase was driven by heavier weights; the average s...

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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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