The slaughter numbers for last week (see the table at the end of the report) show the impact of the Christmas holiday, which fell on a Friday. There was no slaughter of cattle or hogs reported on Christmas, and very light slaughter on Saturday. With Christmas falling on a Friday, the impact of the holiday break is larger than when it falls on another weekday. The same is the case for New Year’s Day, which is tomorrow, though the drop in slaughter is not as large as on Christmas. Going into next week, NCBA’s negotiated cash sale plan goes into effect. The group will monitor the weekly sales of fed cattle by region and by type of sale – negotiated, formula and contract - to monitor whether cattle marketings to packers...
What You Need to Know Today: President Trump claimed the ceasefire between the U.S. and Iran was over, as both sides accused one another of violating the terms of the agreement. Commercial vessels are increasingly steering clear of the Strait of Hormuz as security risks escalate following Iran...
Key Takeaways: The CME Group is launching new 90 percent Lean Beef and 50 percent Lean Beef futures and options contracts in July. There are five key factors that must be present in physical markets and futures contract specifications for futures contracts to become successful. The two l...
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.