Cattle Efficiency It's been said that a statistician can have his feet in a bucket of ice and his head in an oven and declare that "on average" he feels fine. On average, weather is back to normal. That's not helping the cattle market, however, because the coasts are receiving extra rainfall, whereas the middle of the country -- cattle country -- is still stuck in a drought. So even though cattle are in tight supply, prices are held in check because of weather concerns. Moisture in the heartland would rally the feeder market. But, with topside pressure on feeder cattle prices and the warm weather in much of the country, feed yards are starting to see some gains. Feed gains in the warmer weather are seasonally high. Moreover, feed addi...
Key Takeaways: Brazil confirmed a Newcastle disease outbreak at a commercial turkey farm in Santa Catarina on 18 October, raising concerns about potential disruptions to poultry exports despite the outbreak being confined to a single facility thus far. Mexico and Malaysia have imposed nationwi...
Yesterday, Alberta held a referendum on whether to begin the process toward independence from Canada. With more than one million votes counted as of early Tuesday morning, around 77 percent supported remaining in Canada, and 23 percent voted to start the process of separation, according to unof...
What You Need to Know Today: Harvest pressure in the U.S. sent corn and soybeans lower as supplies increased and there were signs USDA’s upward revisions to yields in the October WASDE could be close to right. The conflict between Russia and Ukraine escalated over the weekend, with Ukrai...
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.