World Perspectives
livestock

Livestock Industry Margins

The livestock packing sector saw mixed trends in profitability over the past week with packer margins improving for both the beef and pork sectors. Beef packing margins have been negative for five weeks now and hog packing margins in the red for three weeks, both of which present a threat to prices for cattle and hogs. Forward-looking placement margins for feedlots and wean-to-finish producers turned higher on stronger expected/hedged sale prices and, in the case of feedlots, lower feeder cattle costs. Note that farrow-to-finish margins at farrowing hit a new four-year high at $39/head last week. In contrast, closeout margins (e.g., profits on last week’s sales) deteriorates for the feedlot industry and farrow-to-finish and wean-to-finish h...

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livestock

Feeder Cattle Import Update

As summer demand for beef is upon us, fed cattle hit $233 per cwt yesterday, having moved above $200 per cwt in April on tight supplies. The cattle herd as of 1 January was the smallest in more than 50 years, imports of feeder cattle from Mexico have been suspended due to the New World Screwwor...

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Market Commentary: Cattle Retreat on Import News; Corn Posts New Lows on Midwest Rains

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livestock

Feeder Cattle Import Update

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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.

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