Cancel Culture and Meat Colorado Governor Jared Polis unleashed a firestorm by calling on Coloradans to participate in the 20 March “Meatout Day” initiated in 1975 by animal rights advocates to promote a vegan lifestyle. With around 2.65 million cattle, the state ranks number 10 in the size of its herd and number five for cattle on feed. This prompted nearly half the state’s more rural counties to declare it “Meat in Day.” With more cattle on feed than any other state, next door Nebraska Governor Pete Ricketts declared “Meat on the Menu Day.” Ricketts could have joined the cancel culture approach by declaring no skiing day. After all, his nemesis in this fight, Polis, represented Colorado’s S...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
From WPI Consulting
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.