October meat and livestock trade data was released on Friday. Beef exports are down 2.6 percent at 2.5 billion pounds, following lower U.S. beef production (down 0.4 percent) and higher prices. October exports to Canada fell 23.7 percent. Exports to Japan were flat year to date at 543 million pounds, while exports to Mexico increased 9.8 percent to 284 million pounds. However, exports to China were up 20. January through October year-to-date exports to China are down 8 percent, and exports to Korea, (-8.8 percent) and Canada (-7.2 percent) are down on the year. On the import side, with low cow slaughter in both beef and dairy so far this year, imports of lean trim remain high to fulfill the need for beef for grinding. Year-to-date beef...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
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.