July 2023 total red meat and poultry stocks were down from June and were 4.2 percent below July 2022 as beef and pork stocks continue to tighten. Once again, the big shock from the report was the decline in beef supplies that pulled red meat stocks down 13.5 percent from July 2022. Pork stocks were sharply lower as well and declined 10 percent year-over-year (YoY). Total poultry meat inventories fell 0.8 percent from June, below their normal seasonal increase, and were up 3.8 percent YoY. The report highlights the diverging trends for red meat and poultry stocks with poultry supplies increasing on industry expansion while multi-year declines in beef and hog herds are tightening supplies. ...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
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.