World Perspectives
livestock

Livestock Round Up: COF Preview, Dairy Price Decline

USDA will release its monthly Cattle on Feed report tomorrow. Pre-report estimates from the industry put the total number of cattle on feed as of 1 November at 102 percent of last year. Marketings are forecast at 100 percent of last year, but placements are expected to be at only 91 percent of last year’s total. That placement estimate is the Olympic average of a range from 87 to 96 percent so there is widespread consensus that fewer cattle were placed in October, which was a record for the month.  

In sum, with a drop in placements and likely the fifth consecutive month of fewer front-end cattle on feed more than 150 days, tomorrow’s report should have some bullish news. But, fed cattle prices continue to drop wit...

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From WPI Consulting

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WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.

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