Dave Juday noted in his report this morning that USDA’s Cattle on Feed report showed a smaller number than for the same month a year ago, something that hasn’t occurred in nearly three years. Not only was inventory down but so were placements, which means a reduced future supply. The reduction is counterintuitive considering the known need for more animal proteins in light of the loss in global pork volume due to African Swine Fever. However, the change comports with what has been a global change in the pace of beef production and consumption. Although both supply and demand are forecast to continue growing, the pace of growth is predicted to slow this year. According to USDA’s data, the growth in global beef demand this...
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
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.