U.S. red meat and poultry stocks continue to trend below year-ago levels, driven largely by significant decreases in pork stocks. Pork stocks remain exceptionally tight and a “refilling” of the supply pipeline is needed in advance of the summer grilling season. Beef stocks were up from year-ago levels due to heavier fed cattle weights. Finally, total poultry stocks are running below 2020 levels despite large supplies of chicken breasts and thighs/thigh quarters. The report will likely be viewed as bullish pork/hog markets and neutral cattle/poultry...
What You Need to Know Today: President Trump claimed the ceasefire between the U.S. and Iran was over, as both sides accused one another of violating the terms of the agreement. Commercial vessels are increasingly steering clear of the Strait of Hormuz as security risks escalate following Iran...
Key Takeaways: The CME Group is launching new 90 percent Lean Beef and 50 percent Lean Beef futures and options contracts in July. There are five key factors that must be present in physical markets and futures contract specifications for futures contracts to become successful. The two l...
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.