World Perspectives
livestock

Stocks of Pork and Chicken Hanging Over the Market

The combined inventory of red meat and poultry in cold storage at the end of January was 2.374 billion pounds, that’s 102.4 percent of a year earlier and more significantly, 106 percent of the five-year average. Beef was 96 percent of a year ago.   The build-up came from pork and broilers. Pork in cold storage at the end of January was 625.188 million pounds, or 111 percent of last year and was just short of the monthly record set in 2016. Stocks were 108 percent of the five-year average. Pork inventory in cold storage was higher than year-ago levels for six months of 2019 – including all of the last quarter. Chicken inventories did set a record; the amount of chicken in cold storage was 957.492 million poun...

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From WPI Consulting

Communicating importance of value-added products

Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.

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