USDA released its cold storage report yesterday afternoon with a few surprises for the trade, while today's Quarterly Hogs and Pigs Report indicates that pork supplies are likely to grow in 2015.USDA released its cold storage report yesterday afternoon with a few surprises for the trade. Pork was down, beef was up. As of the end of November, the amount of pork in commercial cold storage was down to 485.8 million pounds compared to 524 million pounds a month earlier and 546.2 million pounds a year ago. That was a 7.3 percent decline on the month and an 11.1 percent drop for the year, more than was expected pre-report. The monthly drop was 38.2 million pounds, which compares with a five-year average monthly drop in November of 20.9 million po...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
Key Takeaways: With the fall calf run now upon us, producers are finally getting a glimpse of what their realized profits will be for 2026. Some producers may have already obtained a strong estimate of 2026 revenues, especially if calves were forward sold in, for example, the mid-summer...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
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.