Broiler production is up 1 percent on the year through the end of July. USDA’s 2023 annual projected total is 47.1 billion pounds, an increase of 1.9 percent over 2022. The 2024 production projection is 47.82 billion pounds, an increase of 1.5-percent the projected 2023 production. Increased production is based on higher slaughter, up 1 percent from last year, and heavier bird weights up 3 percent from last year. The broiler sector is still suffering from operational difficulties in breeding, now going into its third year. Hatchability is a measure of the hatching success of eggs set in incubators. Because broiler eggs require a 21-day incubation period, weekly chick placement and egg-set data can be used to calculate a...
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
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.