USDA released its June WASDE report today. The total U.S. red meat and poultry production forecast for 2025 is lowered from last month. Beef production is lowered on reduced steer and heifer slaughter in the second quarter and reduced cow slaughter for the remainder of the year. Cow slaughter is down 95,900 for the year, and looking at feeder cattle imports from Mexico, as the total cattle herd is at its smallest in over 70 years, shows additional pressure on steer and heifer slaughter. For 2023, imports of feeder cattle from Mexico averaged more than 110,000 per month. That’s an annual total of about 1.2 million cattle. Since December, after the 22 November Screwworm situation, it has averaged less than 36,000 imports per month...
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
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.