Summer Beef Production Spiking; 2014 to See Record Beef Prices U.S. beef production will reach a 21-year low according to the U.S. Department of Agriculture. Production for 2014 is expected to be 10.93 MMT, the fourth straight year of reduced production and about five percent smaller than last year -- and all of this is coming as seasonal production this year is above average.Note the share of feeder cattle over 600 pounds in the table above, which at 57 percent is much higher than normal seasonal averages. Last year at the height of the drought impact the percentage of cattle more than 600 pounds was a similar 58 percent, but the average for the three prior years (2009-11) was about 44.5 percent. This is pumping up production and as i...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
From WPI Consulting
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.