The attached PDF shows WPI's summary analysis and interpretation for the latest Cold Storage report, published 23 November 2020 by the USDA. Briefly, the data show the poultry industry continuing to expand production even as rising consumer demand is keeping supplies of most poultry products below year-ago levels. Beef stocks rose sharply last month as high slaughter rates and heavy cattle expanded beef production. Exports continue to be the driving factor behind the pork market, keeping stocks at five-year lows despite heavy weight hogs and high slaughter rates...
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
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.