World Perspectives

War Update – Elites Panic, Others Don’t

U.S. agriculture dislikes being the tip of the spear in Donald Trump’s trade war fight, but the industry’s intermediaries in Washington are far more upset than those in the countryside. This is largely because farmers in rural America voted for Mr. Trump, and they are not as quick to abandon him as are the elites in Washington, including those representing agriculture. NBC News quoted Midwest interviewees like Indiana pig farmer Nick DeKryger who said, “The longer it drags on, the more damage is going to happen…[but] we understand the goal and we like the goal.” From the viewpoint of some in rural America, all they’ve ever heard from their Washington agriculture representatives are complaints about fore...

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livestock

Cattle on Feed

• U.S. Cattle on Feed (in feedlots with capacity of 1,000 or more head) totaled 11.8 million head on April 1, 2024 and was 1 percent above April 1, 2023. • Placements in feedlots during March totaled 1.75 million head, 12 percent below 2023. • Marketings of fed cattle during Marc...

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The Market Soybeans sharply rebounded on Friday after hitting a one month low the day before, likely on short covering. For the week, May soybeans lost 16.25 cents (-2 percent) and November soybeans gave up 15.25 cents. The latter new crop contract still carries an 11 cent premium over the soon...

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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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