Tomorrow is a big day for the cattle market to digest data from some key reports. USDA will release its Cattle on Feed report, the semi-annual cattle inventory report, as well as the Cold Storage report. The combination of the Cattle on Feed (COF) and semi-annual Cattle Inventory report provides a good look into the cattle market. The inventory report will include an estimate of all cattle on feed on feedlots of all sizes. Typically, feedlots of 1,000 or more head capacity represent between 84 to 85 percent of all cattle on feed. For cattle on feed, analysts’ pre-report estimates (for feedlots of 1,000 head or more capacity) peg the total number as of 1 July at 99.8 percent of July 2021. The range of analysts’ guesses were from...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
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.