According to the U.S. Meat Export Federation (USMEF), the muscle cut ratio of March pork exports was the largest percentage since July 2013, while that for beef saw a slight drop from a year ago. Red Meat Exports According to the U.S. Meat Export Federation (USMEF), March pork exports accounted for 25 percent of total production and 21 percent when considering muscle cuts only. The muscle cut ratio was the largest percentage since July 2013. March beef exports accounted for 13 percent of total production and 10 percent for muscle cuts only, down from 14 percent and 11 percent, respectively, from the same month a year ago.The pork ratios for the first quarter of 2015 were 23 percent of production and 19 percent of muscle cuts. Export value...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
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.