While red meat production levels are staying at near-record to record levels going into the last month of the year, there has also been a notable change in export sales from 2015. Meat Production Levels Remain High As noted in the table above, hog slaughter was estimated at 2.54 million head, a new record. The weekly rate had never been greater than 2.5 million head prior to this year, but it hit that mark four out of seven weeks in October and November. Last week’s feeder pig receipts and pigs originated in Canada were at very high levels as well. Beef production is also up on higher slaughter numbers. The official data for October shows steer and heifer slaughter up 5.2 percent, and estimated data through November shows it holding that...
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
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.