USDA will release its quarterly Hogs and Pigs report tomorrow. If expectations bear out, slaughter capacity could become very tight in November and December, likely putting bearish pressure on pork producers. Hogs and Pigs Report USDA will release its quarterly Hogs and Pigs report tomorrow. Pre-report guesstimates are that the U.S. swine herd as of 1 September will be about 101.1 percent of last year. The spread of guesses is very tight with the low estimates at 100.6 percent and the high at 102.3 percent. The expectation of hogs kept for marketing is also at 101.1 percent of last year, and that for sows kept for breeding is at 100.6 percent. Slower-paced slaughter earlier in the year until the rate picked up in July (slaughter w...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Consumer spending is a key driver of the U.S. economy, and the latest retail sales data indicate that spending remains robust despite inflation. In September, total retail and food service sales rose more than 6 percent year-over-year, with food service spending up 7 percent and...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
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.