The February Cold Storage report’s numbers reflect a significant drawdown in red meat and poultry stocks compared to one year ago. Total red meat and poultry inventories were down nearly 9 percent year-over-year, despite higher slaughter and meat production numbers for the month. The report reflects strong beef and pork demand, with low-cost pork gaining some advantage against higher-priced beef in consumers’ preferences. Overall, however, the report offers a strong demand outlook for the beef, pork, and poultry industries through at least Q2 2024. ...
Beef packer margins improved to -$130/head last week, up $44 from the prior week as sharply lower fed cattle prices more than offset continued seasonal weakness in the Choice cutout. The cutout declined to $373/cwt while fed cattle prices fell to $238/cwt, allowing packer spreads to recover for...
What You Need to Know Today: The conflict between the U.S. and Iran continues to escalate with the two sides exchanging attacks over the weekend. President Trump said Iran “will pay” for recent attacks that claimed the lives of U.S. troops stationed in Jordan. There are some signs...
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.