It’s a month and a half until Memorial Day weekend, the official kick off of seasonal beef demand. The Choice cutout was $276.62/cwt today, up from a $272/cwt average last week, which was up about $20/cwt from the week prior. Part of that rally is demand, and part is supply. March beef production was down slightly from year ago levels of March 2020, pre-pandemic. For the year, beef production is down 0.7 percent, and total red meat production year to date is down 1.7 percent, mostly on reduced pork. Meanwhile, rough winter weather from the southern Plains extending north slowed weight gain, and carcass weights are down which caps beef output. Then there are feed prices which is an anchor on weight gain. This has all been bulli...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.