With hog slaughter up this year, there is an excess of pork on the market that will affect prices, especially going into the Thanksgiving holiday when retailers will start to feature turkey. Managing the Pork Supply The table above shows a huge increase in the feeder pig receipts for last week at 126,239 head, which is the highest level by more than 6,500 head since the week ending 11 December 2015.This puts total receipts up more than 4.9 percent this year with slaughter and pork production up 1.4 percent and just 0.8 percent, respectively, to date. For the most part, slaughter weights have been held in check despite cheaper feed prices, and dressed weights have averaged about one pound less this year. Last week’s average slaughter weigh...
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...
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.