Last week, USDA released the combined U.S. and Canada livestock inventory report, which added a little additional clarity on the hog and pork situation. USDA reported that the combined hog and pig inventory in the U.S. and Canada at the start of June 2020 was 93.634 million head, up 4 percent on the year. Most of the inventory is in the U.S. at 79.634 million head (an increase of 5 percent). Canada’s herd at 14 million head is slightly higher than the year before. That combined total includes a market herd of 86.1 million head, 5 percent above the June 2019 total, and a breeding herd of 7.57 million head, a year to year decline of 1 percent. The pig crop was 84.2 million head, up 3 percent, while the number of sows farrowed during th...
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.