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: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
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.