The value of hogs has fallen 15 percent over the past year and Quebec, Canada’s largest pig producing province, is trying to shed animals. The plan is to spend C$80 million to reduce the output of animals by 1 million head. But the problem may be bigger than that. Quebec has 53.8 percent of the Canadian pig farms but only produces 31 percent of the total pig crop. At a time when livestock operations are consolidating to achieve economies of scale, Quebec has a long way to go. Quebec has the advantage of producing the second largest amount of corn and soybeans for feed, and Ontario is adjacent with the largest feed output. Still, the province lacks efficiency on the farm and that impacts profitability at the processors. Though n...
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.