As we reported on Tuesday, the December WASDE reduced pork production slightly for 2022 based on lighter carcass weights, which were down about a pound from last year. Also, November’s pace of slaughter was down compared to a year ago. That tight supply helped boost the wholesale cutout values. The negotiated sales of pork cuts in November were about 12 percent below November 2021 and values were up nearly 2.7 percent on the year, November to November. The biggest contributor, by far, to the increased cutout value was the ham, followed by the picnic. Bellies, loins, and ribs all were down. That increase makes sense during the Thanksgiving holiday period based on the reduced turkey supply due to highly pathogenic avian influenza...
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.