Unsteadying U.S.-Mexico Meat Trade Mexico is a major supplier of feeder cattle to the United States. This is an important role given the fact that the U.S. beef herd is as small as it is. However, Mexico has suffered the same drought conditions as those in the Southwest U.S., and its herd has diminished as well. A sign of that is the shift from steer exports to heifer exports last year. This year's supply will be down. Traditionally, imports from Mexico follow a five- to six-year cycle of highs and lows, but this year's drop-off may take more time to recover. As of the week ending 24 May, receipts of Mexican feeder cattle were estimated to be 12,000 head compared to last year's 30,735 head. Much of what comes in as feeder cattle is ret...
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
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.