The OECD notes the advantages of poultry meat over competing major animal proteins pork and beef. Its lower cost due to a better feed conversion ratio particularly gives it an edge in challenging economic times. As WPI’s Dave Juday often points out, poultry also lacks the religion-based barriers presented to beef and pork. The prediction is that poultry meat consumption will surpass current number one animal protein pork in less than ten years. However, that forecast is heavily based on the fall in pork consumption in China due to ASF. Based on long-term linear regressions, poultry does not overtake pork in consumption in the next ten years. It is certainly possible that it could based on the aforementioned reasons, but that as...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
From WPI Consulting
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.