World Perspectives
livestock

Livestock Round Up: Labor and Cattle Markets

JBS is back in the news this week as the company made two announcements; first, that it would be adding 300,000 head of capacity at its Omaha and Grand Island plants and second, that it would be increasing wages. The latter reflects the larger issue right now with beef slaughter – capacity can be expanded, but labor is short to run at even the current capacity. Monday’s total kill was 115,000 head, shorts of what is needed to catch up with cattle supplies, but that comes after Saturday’s unusually large run of 98,000 head trying to catch up after the impact of the cyber-attack disruption and short week after the Memorial Day holiday. This has become a routine of Monday’s being slow due to labor absences after Saturd...

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CFTC COT Report Analysis

The attached PDF offers graphical depiction and seasonal analysis of managed money and commercial traders' net position in key agricultural commodity markets. The data is, of course, taken from the CFTC's weekly Commitment of Traders report, using the futures only data. WPI recently completed a...

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From WPI Consulting

Communicating importance of value-added products

Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.

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