March 2023 total red meat and poultry stocks were down from February but were 4.3 percent greater than March 2022 as the industry continues to rebuild stockpiles. Total red meat supplies fell 0.94 percent as a sharp decline in beef stocks was offset by larger pork stocks. Total poultry inventories rose 0.6 percent from February, slightly below their normal seasonal increase, and were up 8.9 percent year-over-year. Total beef stocks were down 3.9 percent from February and fell below the five-year average. Pork stocks were up 2.4 percent from February, a significant gain during a month when stocks usually fall 2.2 percent. The larger than typical gain in pork inventories may signal that demand is starting to weaken in 2023.  ...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
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.