The U.S. is the largest producer and consumer of turkey meat in the world. U.S. turkey production equates to 45 percent of the world’s total and while global trade is small, it is usually supplied by American producers. Production typically peaks in October as suppliers seek to fill the outsized demand of a single day, the Thanksgiving holiday in November. While the annual expansion in turkey production has been averaging 1.3 percent, production thus far in 2020 is down 1.33 percent from 2019. No doubt COVID has had its implications. At the same time, families will likely be gathering by Zoom this year, which means turkey demand will be spread across more households. This is likely to mean higher prices as a lower supply chases...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.