Last week, we covered the Hogs and Pigs report which showed the swine herd still in contraction mode but slowing down from earlier in the year. The September and June inventory was 99 percent of last year, compared to March and December at 98 and 96 percent, respectively, of the prior year. Also, farrowing intentions for September through November were steady from the prior quarter at 99 percent of a year ago. We noted that there are a lot of reasons why producers would resist expansion: exports through August (in data released today) are down 15 percent, though the good news is August 2022 exports are up fractionally from August 2021 and the largest volume since November 2021. Domestic demand is weak due to inflation and inventories of po...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
Key Takeaways: On Friday afternoon, President Trump announced that Russia will “immediately supply over 300,000 Tons of Diesel Fuel” to the United States. The deal, typical of this administration, is light on details but promises an additional 500,000 tons in November and 1 m...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
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.