World Perspectives
livestock

Cattle on Feed

The inventory of cattle on feed (COF) set a new record for the month of August at 11.093 million head (the monthly data goes back to 1996), 489,000 more than in August 2017. However, the total was down 194,000 head from the 1 July inventory. The inventory report was exactly in line with pre-report expectations, although placements were higher than anticipated. The distribution of placements by weight class is detailed below; the higher number versus a year ago in the lightest and heaviest categories occurred in bookend fashion, but it is the gain in feedlot inventory that will have the biggest impact from lighter cattle. Overall, the report was bearish. This trend of more cattle marketed and a greater number in the pipeline sustaining...

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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.

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