Today’s WASDE forecast for total red meat and poultry production was down from last month based on a slightly higher beef production forecast, but more than offsetting pork and poultry. As we have discussed recently, the number of cattle on feed in March was a monthly record for the second consecutive month with a record on-feed inventory, and in January the on-feed inventory was the second highest on record, after a monthly record for placements in December 2021. Placements have been higher as well, and non-fed cattle slaughter is running high this year. This is all supporting higher beef production forecasts. As for pork, the total inventory of hogs and pigs was at its lowest since June 2018. Further, farrowing intenti...
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
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.