WASDE Today’s WASDE report shows higher red meat and poultry production for 2019 and 2020 driven by pork and broilers. Pork production will be pushed by expanding production. The 1 September inventory at 77.7 million head was the largest since records began in 1988, and the June-August pig crop at 35.3 million head was the largest since those records began in 1970. The June-August pigs saved per litter at 11.11 was up from 10.72 head compared to 2018. The slowdown in placements of cattle on feed in the third quarter of 2019, which in July and August was at 94 percent of a year ago, has the early 2020 beef production down but it is forecast to increase in the second quarter. Broiler production is forecast to grow on flock expan...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.