USDA released the Hogs and Pigs report today, confirming a record swine herd for the third quarter in a row. Another factor, though, has kept prices from plummeting.Today USDA released its quarterly Hogs and Pigs report, which showed a record swine herd in the U.S. for the third quarter in a row. The total inventory of hogs and pigs as of 1 September was 73.5 million head, 102 percent of the previous year and 103 percent of the herd on 1 June. The numbers were in line with pre-report estimates.The record for the September-November quarter (herd size as of 1 December) was set in 1943 at 83.741 million head, so the string of record breaking quarterly inventories probably stops as of this month. This is the ninth of 15 quarters, however, that...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
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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.