It was a big day for livestock market reports from USDA with the monthly Cattle on Feed report and the quarterly Hogs and Pigs report, both at the closing hours of the day before the Christmas holiday break. Below is a look at cattle on feed, and a summary of the hogs and pigs report – with more analysis on the hog and pork sector coming next week. The cattle report brought more bearish news, the total inventory of cattle on feed in feedlots of 1,000 head or more capacity grew to 12 million head. This was the third month in a row with larger on feed inventories than a year ago during the 2022 drought induced liquidation. Until September, inventories have not been higer than the year prior since August of 2022. ...
What You Need to Know Today: The hot, dry weather forecast continues to drive strength in grain futures with corn and soybeans hitting another day of strong gains. Monday’s Crop Progress and Conditions data were in line with market expectations and showed relatively few concerns for the...
Yesterday we wrote about the Q1 GDP numbers and the June employment reports in an article entitled Real GDP for Q1 Relying on AI Buildout, Held Back by Consumer Spending. That article mentioned that consumer spending had become a drag on GDP. Nonetheless, real GDP in Q1 was revised upward to 2...
Key Takeaways: The Middle East and North Africa's arid climate and limited water resources have created a structural dependence on imported wheat. Government wheat tenders in major importing countries serve as important benchmarks for global trade, providing insight into exporter competitivene...
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.