Today's USDA Daily Boxed Beef Cutout Value report showed that rare phenomenon of an inverted Choice-Select price spread. Cutout values for Choice beef were $192.94 and cutout values for select were $193.21. This is only the 14th time in history that this has occurred, but it has become less rare of late (three of the four past spring seasons). The last time the spread was inverted was April 2012, before that March 2011, and prior to that April 2009. Before 2009 the spread had not been negative since 1989.In short, an inverted spread says that demand for lower grade beef is greater than higher grade beef. Obviously, this is a phenomenon that doesn't last long. A better understanding is that there are essentially two markets for beef: a mar...
Key Takeaways: Brazil confirmed a Newcastle disease outbreak at a commercial turkey farm in Santa Catarina on 18 October, raising concerns about potential disruptions to poultry exports despite the outbreak being confined to a single facility thus far. Mexico and Malaysia have imposed nationwi...
Yesterday, Alberta held a referendum on whether to begin the process toward independence from Canada. With more than one million votes counted as of early Tuesday morning, around 77 percent supported remaining in Canada, and 23 percent voted to start the process of separation, according to unof...
What You Need to Know Today: Harvest pressure in the U.S. sent corn and soybeans lower as supplies increased and there were signs USDA’s upward revisions to yields in the October WASDE could be close to right. The conflict between Russia and Ukraine escalated over the weekend, with Ukrai...
From WPI Consulting
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.