Packing capacity has been an issue not only for cattle and beef production, but for broilers also. Production is also slowed by various issues like labor availability and social distancing protocols. Pork, where the name plate capacity has expanded in the recent past, and the market hog herd contracting hasn’t seen the same sort of impact; in fact, hog prices are quite bullish. Broiler meat production was down 3 percent in the Q1 of the year compared to 2020 – a pre-pandemic comparison. It is catching up, with cumulative production now running only 1 percent below last year on slightly heavier birds, though slaughter is still 3 percent down. Additionally, as of April, cold storage inventories were at a seven-year low – an...
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.