This week’s WASDE held steady the price outlook for 2024 fed steers and broilers and increased hog prices slightly. The fed cattle price has generally been forecast up all year, except for a drop in the September estimates. 12122024dj.png 29.46 KBPrices for all species are expected to increase in 2025, at least slightly, with steers leading the way based on the tight cattle supplies and strong demand forecast to continue into the new year. The hog price forecast is based on prices to-date, which are assumed carried into 2025.12122024dj2.png 17.96 KBCoupled with the demand outlook, there is also some bullish supply side support on fed cattle prices. USDA included in its equation the new restrictions on Mexican feeder cattle imports ori...
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.