Among market watchers, there is now a great deal of prognostication about the pace of the cattle herd rebuilding amidst positive beef demand signs that can support continued expansion.As previously reported, the U.S. is officially in a new cattle cycle that started in 2015. These cycles are defined as a period when the number of beef cattle in the nation either expands or reduces as measured from trough to trough. Among market watchers, there is now a great deal of prognostication about the pace of the herd rebuilding. The obvious benchmark for measuring such growth would typically be the National Agriculture Statistics Service (NASS) 1 July Cattle Inventory survey. This is usually reported twice a year, 1 January and 1 July, but NASS annou...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
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.