World Perspectives
livestock

Cattle on Feed Report: Pressure on Cattle Prices

USDA released the monthly Cattle on Feed report on Friday; the total inventory of cattle on feed in feedlots of 1,000 head or more capacity was 11.9 million head. Following is a summary and breakdown of today’s report. Placements in October were 104 percent of last year, below the pre-report consensus estimate. As WPI noted last week, October typically sees the highest placements of the year after calves come off grass. However, this year, with a surprisingly large volume of placements in September at 2.21 million head, the October placements were about 50,000 head fewer. Over the past 10 years, the average increase in October placements compared to September has been about 10 percent; this year October placements were about 2.25 p...

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NGT Test this Week; New Mexican Authorities

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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.

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