Chicken Profits Fly Higher on Wings The holidays (and maybe more importantly, the college football bowl season and professional football playoffs) have come just in time for the broiler industry. With corn dipping below $7.00 per bushel and more demand for chicken wings, a favorite snack food for football fans, broiler production is back in the black for the first time since June 2012. Wing prices are up 18 percent on the year, corn prices are down 2 percent and soybean meal is down down 6 percent.With the new reinstatement of the $1.00 biodiesel blenders' credit, we expect more biodiesel to move into the biofuels market, displacing Brazilian sugar ethanol that is brought in for its Renewable Identification Numbers (RINs) compliance va...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
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.