World Perspectives
livestock

Neutral Cattle on Feed Report

USDA released its monthly cattle on feed report today showing a total inventory of cattle and calves in feed yards of 11.9 million head on 1 November, which is slightly (25,000 head) below last year. 

All categories were well aligned with the pre-report expectations - another sign that cattle markets are back in balance, except that there was a wide range of placement guesstimates, from 99 percent to 105 percent of last year. With the average guess at 102 percent, however, it’s clear there was a consensus around placements. As we’ve noted before, the pre-report estimate is based on the Olympic average (i.e., eliminating the high and the low before calculating the average) of the various analysts’ forecasts. The ave...

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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.

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