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 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
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.