Despite bird flu, global consumption of chicken is growing four times faster than beef or pork. However, the price per unit for chicken is rising faster than its two main protein competitors. Improving efficiencies and competition is keeping the price of all three meats relatively in check. In fact, over the six years of most recent FAO data, the cost of beef declined, and the price of pork (pre-ASF) had barely budged. By contrast, the price of chicken rose almost one percent per year. Total consumption of chicken has been growing 2.1 times faster than beef and 3.4 times faster than pork. Due to great affordability, the forecast calls for continued stronger gains for poultry in the global market. Chicken is only about one percent cheaper t...
What You Need to Know Today: President Trump claimed the ceasefire between the U.S. and Iran was over, as both sides accused one another of violating the terms of the agreement. Commercial vessels are increasingly steering clear of the Strait of Hormuz as security risks escalate following Iran...
Key Takeaways: The CME Group is launching new 90 percent Lean Beef and 50 percent Lean Beef futures and options contracts in July. There are five key factors that must be present in physical markets and futures contract specifications for futures contracts to become successful. The two l...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.