Farm Bill Livestock Amendments A few key and non-key livestock related amendments were adopted yesterday in the House Agriculture Committee's farm bill markup, including two from Representative Robert Neugebauer (R-Texas) and one from Representative Mike Conaway (R-Texas).Also of interest is an amendment that directs the USDA Food Safety and Inspection Service (FSIS) to provide food safety technical assistance to small scale livestock and poultry processing and slaughter establishments as well as establishes a grant program at USDA Rural Development to assist small-scale facilities in making adjustments to meet food safety and regulatory standards. Another amendment closes a loophole related to spectators at animal fighting ventures...
What You Need to Know Today: Cattle futures extended their sharp selloff Friday as weakening cash cattle prices, deteriorating feedlot profitability, and reduced packer demand continued to weigh on the market. The inability of futures to sustain a rally following last week's bullish Cattle on...
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...
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.