Meat prices have been distorted ever since COVID struck and the contortions continue despite the pandemic now being considered endemic. The pandemic itself caused dislocations with supply tightened due to labor shortages at the same time stimulus payments enabled consumers to buy higher grade animal protein for the home. Pre-pandemic, pork prices were 36 percent less than beef, and broiler prices were 51 percent less than pork and 69 percent lower than beef. Looking at roughly equivalent retail prices currently, boneless breast meat has moved to being 3.3 percent more expensive than pork chops, and 52 percent less than the all-steak price. The recent consumer shift to lower priced animal protein appears to have over-shot on poultry and skip...
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.