1. United States Cattle on Feed Up 5 Percent 2. Cattle and calves on feed for the slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 11.7 million head on May 1, 2021. This is the second highest May 1 inventory since the series began in 1996. 3. Placements in feedlots during April totaled 1.82 million head, 27 percent above 2020. 4. Marketings of fed cattle during April totaled 1.94 million head, 33 percent above 2020. 5. Other disappearance totaled 55,000 head during April, 21 percent below 2020. Other disappearance was the lowest for April since the series began in 1996. ...
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.