World Perspectives

Livestock Roundup: WASDE and Voluntary COOL

Yesterday’s WASDE had a very bullish outlook for fed cattle prices, raising them again to an annual average of $162/cwt – the previous record annual average cattle price was $154.50/cwt in 2014. Hog prices are down slightly and broiler prices up slightly. Cattle prices are projected higher even though beef production was forecast up slightly on higher slaughter for the first three quarters of the year due to increased cow slaughter and higher feeder cattle placements. Pork production was lowered from last month on lower projected slaughter weights. Broilers are up on increased hatchery data. Total red meat and broiler production is forecast down -0.7 percent from last year. With tight U.S. cattle supplies, beef imports are...

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Summary of Futures

May 23 Corn closed at $6.4725/bushel, down $0.01 from yesterday's close.  May 23 Wheat closed at $6.9975/bushel, up $0.0175 from yesterday's close.  May 23 Soybeans closed at $14.6775/bushel, up $0.255 from yesterday's close.  May 23 Soymeal closed at $457.9/short ton, up $11.9 f...

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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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