World Perspectives
livestock

Red Meat and Poultry Situation

As WPI reported last week, the October WASDE increased its projection for beef production by 205 million pounds on higher slaughter and heavier carcass weights and increased the 2025 forecast for beef production by 300 million pounds. Nonetheless, October slaughter is starting slowly. Total slaughter last week was 586,000 head, a 4.1 percent drop off from the week before and 4.9 percent below the same week last year. Fed slaughter was 468,000 head. This week the outlook is for 482,000 head fed slaughter, which would be about 3 percent lower than last year. Slowing the pace of exports has helped the cut-out value and bolstered packer margins. Last week, the choice cutout was $313/cwt, which was up $8.70/cwt from last year. While heavier wei...

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Summary of Futures

Dec 24 Corn closed at $4.19/bushel, down $0.075 from yesterday's close. Dec 24 Wheat closed at $5.3025/bushel, down $0.1075 from yesterday's close. Jan 25 Soybeans closed at $9.875/bushel, down $0.2025 from yesterday's close. Dec 24 Soymeal closed at $287/short ton, down $4.6 fro...

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From WPI Consulting

Accountability and a comprehensive approach to export programming

WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.

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