United States Cattle with capacity of 1,000 or more head totaled 11.4 million head on July 1, 2020. The inventory was slightly below July 1, 2019. However, this is the second highest July 1 inventory since the series began in 1996. The inventory included 7.03 million steers and steer calves, up slightly from the previous year. This group accounted for 61 percent of the total inventory. Heifers and heifer calves accounted for 4.41 million head, down 1 percent from 2019. Placements in feedlots during June totaled 1.80 million head, 2 percent above 2019. Net placements were 1.74 million head. Marketings of fed cattle during June totaled 1.97 million head, 1 percent above 2019. Other disappearance totaled 62,000 head during...
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.