Beef packer margins were positive for the second straight week with holiday grilling demand supporting the beef market and packer profits. Packers have done an incredible job managing margins this summer and in just three weeks swung from the deepest losses on record to well above breakeven levels. Gains across the beef complex were key in creating this improved profitability while last week’s steady/lower trade in fed cattle also helped. The mixed trend in feedlot profits continued ...
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.