Shrinking Beef Supplies USDA releases the Cattle on Feed report tomorrow, and the consensus expectation is for numbers to be down – again. The total number of cattle on feed as of 1 September is expected to be only 93.5 percent of last year with August placements estimated at 91.6 percent of last year. Marketings are expected to be 95.5 percent of the previous year. Beef prices hit record highs again in August based on these supply chain fundamentals. All fresh beef hit $4.968, close to the magic $5.00 level. Animal Health Institute Embraces Antibiotic Use Report The Centers for Disease Control (CDC) released a report this week on antibiotic resistance in humans via veterinary drug use in livestock production. The Animal Health Insti...
Markets are getting into the Halloween spirit, handing out more tricks than treats. There has been some encouraging news, but it hasn’t been enough to slow the broader slide. Now buyers need to show up with something other than another “Charlie Brown” rock for the bag. Somethi...
The new USDA report from the Agricultural Marketing Service (AMS) for Colorado, New Mexico, Texas, Oklahoma, and Kansas, the newly dubbed South Central Daily Direct Slaughter Cattle Report Summary, showed that negotiated cash trade in the region as of Tuesday was mostly inactive, with only ligh...
Key Takeaways: Milk alone has not covered the full economic cost in any year since 2021: milk revenue fell short by $4.50, $2.15, $6.50, $1.27 and $2.34 per hundredweight in 2021 through 2025. Calf and cattle prices decided whether dairies cleared cost: cattle and other income lifted total rev...
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.