Broiler slaughter was 158.86 million head last week, up from 158.139 million the week before and continuing to run above a year ago. Broiler production in the last quarter of 2024 is forecast to be up 4 percent, bringing the total annual production up 2.2 percent from 2023. Any miss in the forecast for Q4 would come from changes in bird weights. Weights were record-heavy during the summer and a continuation of this trend would add an additional 1 percent to production.The chicken industry is showing signs of gearing up for bigger production increases next year. Pullet placements in hatchery supply flocks in August and September were up +7.5 percent from a year earlier. Pullet placements in July were down 9 percent from the previ...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
Key Takeaways: Drought remains a major threat to global agricultural production, particularly in regions with limited rainfall and growing water scarcity. Commercially available drought-tolerant traits in corn, soybeans, and wheat have generally delivered modest yield improvements, limiting th...
Key Takeaways: Peace at last in the Persian Gulf? Over the weekend, the U.S. announced and Iranian officials confirmed a peace agreement, with formal ratification set for Geneva on 19 June. The announcement means the Strait of Hormuz is set to reopen fully and toll-free within 30 days.&n...
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.