Today’s WASDE reduced the outlook for red meat and poultry production by 0.2 percent from August based on a lower outlook for red meat and a forecast of higher poultry production. The forecast for 2022 stays the same. The beef production forecast was lowered by half a percent compared to the August report. Despite higher expected cow slaughter, USDA is projecting reduced slaughter of steers and heifers and harvest at lighter slaughter weights. Worth noting for context, however, is that the reduction in weights is relative to the current trend. Yesterday, USDA released the final official carcass weights for the last week of August, it was down 2 pounds from the previous week to 901 pounds – which is still the second heaviest wei...
What You Need to Know Today: The hot, dry weather forecast continues to drive strength in grain futures with corn and soybeans hitting another day of strong gains. Monday’s Crop Progress and Conditions data were in line with market expectations and showed relatively few concerns for the...
Yesterday we wrote about the Q1 GDP numbers and the June employment reports in an article entitled Real GDP for Q1 Relying on AI Buildout, Held Back by Consumer Spending. That article mentioned that consumer spending had become a drag on GDP. Nonetheless, real GDP in Q1 was revised upward to 2...
From WPI Consulting
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.