With hog slaughter up this year, there is an excess of pork on the market that will affect prices, especially going into the Thanksgiving holiday when retailers will start to feature turkey. Managing the Pork Supply The table above shows a huge increase in the feeder pig receipts for last week at 126,239 head, which is the highest level by more than 6,500 head since the week ending 11 December 2015.This puts total receipts up more than 4.9 percent this year with slaughter and pork production up 1.4 percent and just 0.8 percent, respectively, to date. For the most part, slaughter weights have been held in check despite cheaper feed prices, and dressed weights have averaged about one pound less this year. Last week’s average slaughter weigh...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
Key Takeaways: Texas illustrates the assumptions underlying the 2025 FMMO reform; Idaho exposes their limitations. The Southwest order blend (roughly 27 percent Class I, 32 percent Class III and 31 percent Class IV) exposes Texas producers to every lever USDA adjusted, with a near-neutral proj...
From WPI Consulting
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.