While the trend toward expanded meat consumption globally will still be a major driver in the agricultural sector, there is one element to be considered. Lighter Broilers and Hogs Heat in the South this summer has taken a toll on broiler weights. While going into mid-summer, slaughter weights were about 4 percent above the same period in 2014. This trend was expected to continue with good feeder margins, but the heat has made it difficult for birds to maintain these higher weights. The average slaughter weight for the week of 20-27 July was 5.94 pounds, about 2 percent lower than the 6.05 pound average weight so far in 2015. Broiler meat production was growing from both flock expansion and higher weights. The current weight is still large...
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...
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.