It was announced today that China bought a feed lot and three meatpacking plants in Argentina for $75 million, a move that is expected to help the Argentine beef sector start expanding again. USDA Meat and Livestock Trade Update USDA released its monthly livestock and meat trade data yesterday. February beef exports were down 1.4 percent from January and 3.2 percent from last year. There were a few bright spots, mostly in Asia as well as the CAFTA countries where exports made gains. Indonesia was up 104 percent over January and 291 percent for the year; Vietnam was up 17.6 percent on the month and 38.5 percent on the year; and the Dominican Republic was up 20 percent on the month and 3.9 percent on the year. Down for the month but up on t...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
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.