Cattle on Feed Preview USDA’s monthly Cattle on Feed report will be released tomorrow. Pre-report estimates from the industry peg the total number of cattle on feed as of 1 August to be 100.6 percent of last year with July placements expected to be 99.5 percent. The trade guess for marketings in July is 106.8 percent of July 2018. Note that July had one more weekday this year than in 2018.While the total inventory on feed would be a record for 1 August, the pace of growth is slowing (see chart below). Combined with expected placements falling off, tomorrow’s report is expected to be bullish. Providing further support for the bulls is today’s Cold Storage report, which shows 601.790 billion pounds of pork despite record-h...
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.