Today’s WASDE forecast for total red meat and poultry production was down from last month based on a slightly higher beef production forecast, but more than offsetting pork and poultry. As we have discussed recently, the number of cattle on feed in March was a monthly record for the second consecutive month with a record on-feed inventory, and in January the on-feed inventory was the second highest on record, after a monthly record for placements in December 2021. Placements have been higher as well, and non-fed cattle slaughter is running high this year. This is all supporting higher beef production forecasts. As for pork, the total inventory of hogs and pigs was at its lowest since June 2018. Further, farrowing intenti...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
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.