USDA reports U.S. Cattle on Feed is down one percent for feedlots with capacity of 1,000 or more head to total 11.6 million on May 1, 2024. Placements in feedlots during April totaled 1.66 million head, 6 percent below 2023. Marketings of cattle during April totaled 1.87 million head, 10 percent above 2023. Other disappearance totaled 56,000 head during April, 10 percent above 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.