USDA released the monthly Cattle on Feed report today, which was mostly in line with pre-report expectations; only placements came outside of the consensus forecast. 10252024dj.jpg 50.4 KBSeptember marks the beginning of the fall run for cattle placements. Placements last month at 2.156 million head were 176,000 head more than August, and above the pre-report expectations, though still below September 2023. 10252024dj2.jpg 42.31 KBThe market is focused on signs of any move toward herd rebuilding from this report. The moves were subtle but leaning toward at least some expansion. Of the total inventory on feed, there were 7 million steers, which was 101 percent of last year, and 4.6 million heifers which was 99 percent of last year. Mark...
Key Takeaways: Fresh North Atlantic cargoes lifted Capesize hire even as iron ore voyage assessments eased, giving owners the most leverage on transatlantic business. Australian coal helped turn Panamax rates higher, but a sustained Atlantic recovery will require more grain bookings from the A...
The Senate Agriculture Committee will undergo significant changes in the new Congress beginning in January 2027, including several major shifts in meat-producing states. The Democratic Party’s tsunami swept Senator Roger Marshall (R-Kansas) out of office, and out of the seat once held by...
What dairy breakeven looks like with and without the beef-on-dairy boom To put a dollar value on that question, this analysis removes the calf check from the USDA ledger and examines how many of the last five years would have reached breakeven without it. Key Takeaways: Milk and other income a...
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.