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. ...
What You Need to Know Today: After a volatile weekend with Israel and Iran launching attacks at each other, peace seems to have returned to the region after President Trump called for both sides to cease hostilities. Soybean trade remains defensive as funds are liquidating longs amid no signs...
EU Sovereignty Ruse For years politicians talked like banty roosters about Europe’s soft power leadership, with American leaders hoping that a strong EU would multiply the U.S. power equation. Then Donald Trump ascended to power and called Europe a Potemkin village, infuriating Brussels t...
Key Takeaways: Mexico's drought intensified from 2022 to 2024, with critically low reservoir levels in Sinaloa driving a sharp decline in corn production. Sinaloa produces roughly one-quarter of Mexico's corn crop and is the country's leading supplier of white corn used for staple foods such a...
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.