Yesterday’s export report showed big sales for 2023 delivery totaling 73,600 MT. Mexico continued as the top market with sales of 31,000 MT (42 percent of total), followed by Japan at 15,700 MT (21 percent of total). The next tier of volumes was made up by Korea (7,000 MT), Canada (5,400 MT), and Australia (5,300 MT). Today, the November export data was released; shipments of pork in November were 245,663 MT, which was 103 percent of November 2021. That is the highest volume since May 2021. For the 11 months from January through November 2022, exports dropped to 90 percent of the same period last year, coming in at 2.43 MMT. November exports to Mexico totaled 87,809 MT, which was a record. Also, a record was the export v...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
Key Takeaways: On Friday afternoon, President Trump announced that Russia will “immediately supply over 300,000 Tons of Diesel Fuel” to the United States. The deal, typical of this administration, is light on details but promises an additional 500,000 tons in November and 1 m...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.