World Perspectives
livestock

October Cold Storage Report

September 2023 total red meat and poultry stocks were up fractionally from August but were 8 percent below September 2022 as beef and pork stocks continue to tighten. Once again, the big shock from the report was the decline in beef and pork supplies that pulled red meat stocks down 17.1 percent from September 2022. Total poultry meat inventories fell 1.0 percent from August, exceeding their normal seasonal decrease, and were down 0.2 percent YoY. The report again highlights the diverging trends for red meat and poultry markets with chicken and turkey supplies remaining steady or increasing on industry expansion while multi-year declines in beef and hog herds continue to tighten supplies.    ...

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feed-grains soy-oilseeds wheat

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Recent Market Volatility Increases Futures Mispricing

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From WPI Consulting

Illuminating the value of technical research

On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.

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