As WPI reported yesterday, the total supply of beef per capita is up this year over last based on imports and heavier slaughter weights; both are related to the pace of beef cow salughter. A bigger percent of fed cattle in the mix has resulted in heavier slaughter weights, as well as feeder cattle being fed longer to heavier weights. Plus, with cow slaughter down this year after two years of culling, imports of lean trim are up.Next week, the September monthly cow slaughter totals will be released, but through August, beef cow slaughter is down 15.7 percent from last year, and 26.9 percent from 2022, and 9.6 percent from the 2018-2021 average after two years of culling from drought impact. Based on the historical averages, cow slaughter cou...
Beef packer margins improved to $196/head last week, up $20 from the prior week as fed cattle prices declined faster than the Choice cutout. The cutout eased to $375/cwt while fed cattle fell to $221/cwt, modestly widening packer spreads. Margins remain well above year-ago levels as lower cattl...
What You Need to Know Today: Last week’s Trump-Xi meetings included China agreeing to roll back $60 billion in tariffs on a huge swath of U.S. ag products, just notably not soybeans. The exclusion of soybeans from the tariff-reduction list means China’s state-run importers COFCO an...
Mexico Trade Deal The Trump Administration is looking for a win before the November midterm elections, now just five weeks away, especially as trade relations with Canada worsen and there is now a truce with China. The U.S. has made it clear to Mexican officials that it wants a deal with Mexico...
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.