USDA released is September WASDE today. Broiler production is expected to increase, based on higher slaughter and heavier weights. Beef, pork and turkey are all down from last month’s estimates based on slaughter pace and lighter weights. But, if you take the quarterly production data, and projected quarterly levels of production to approximate the crop marketing year, total red meat and poultry production, it implies an increase of 1.5 percent in production. That raises and interesting observation. While all the focus regarding the uncertain supply and demand situation for corn has been on USDA’s projection of acres and yields, today’s WASDE also shows feed use of corn down 1.9 percent from the last crop year, which does...
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.