• U.S. Cattle on Feed up 4% at 11.7 million head on October 1, 2020. The inventory was 4 percent above October 1, 2019. This is the highest October 1 inventory since the series began in 1996. • Placements in feedlots during September totaled 2.23 million head, 6 percent above 2019. • Marketings of fed cattle during September totaled 1.85 million head, 6 percent above 2019. • Other disappearance totaled 58,000 head during September, 2 percent below 2019. ...
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.