The two commodity sectors impacted by highly pathogenic avian influenza (HPAI) have made a comeback. Meanwhile, USDA’s FSIS has released a guidance document for animal raising claims that appear on meat labels. Comeback from Avia Flu The two commodity sectors impacted by highly pathogenic avian influenza (HPAI) have made a comeback. On 30 September, USDA projected 4 percent growth in the number of turkeys this year compared with 2015. That would be the largest flock increase in more than a decade. Moreover, because of the HPAI setback in 2015, turkey prices are rising as there is a shortage in cold storage and higher demand resulting from the industry’s aggressive marketing campaign. USDA is projecting the average price of frozen whole tu...
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.
What You Need to Know Today: A third U.S. border crossing (Columbus, New Mexico) has reopened to Mexican cattle imports following nearly two years of restrictions related to New World screwworm. The reopening could gradually improve feeder cattle availability, although more than 60 confi...
Yesterday, the USDA’s Agricultural Marketing Service (AMS) released a new report of negotiated cash purchases of cattle under the mandatory price report. The report included Colorado, New Mexico, Oklahoma, Texas, and Kansas. The goal of the report was to solve the confidentiality issues e...
Key Takeaways: U.S. soybean crushing began in 1911 and saw its most rapid expansion during the 1930s amid the broader agricultural and technology revolutions of the time. After peaking in the early 2000s, the soybean crushing industry went through a downturn as poor crush margins forced...