Tomorrow, the last business day before Christmas, will be a busy one for livestock news. USDA will be releasing its quarterly Hogs and Pigs inventory report after the market closes early for the holiday weekend and the monthly Cattle on Feed report beforehand. Following are a few preliminary thoughts on both. Hogs and Pigs Report Industry pre-report estimates have inventory at 102.5 percent of last year with market hogs also at 102.5 percent and sows kept for breeding at 100.9 percent. These forecast increases come on top of a record swine herd, which reached 73.549 million head on 1 September. If the assumptions about a larger herd are correct, it will be the fourth year in a row that the September-November quarter has increased on a yea...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
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.