News & Insights
Why You Can No Longer Count on Domestic Lean Points as a Sole Indicator
The U.S. is currently facing a shortage of lean trim. This limited supply is driving prices up, and as of July 1, 2024, fresh 90% lean trim is trading at record highs at over 370/cwt (Fig. 1). Figure 1 - Fresh 90% Beef Trim, price history 2020 - 2024 Two...
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5 Questions with Raven Kropf, President of Teys USA
As a longtime leader in the protein industry, Raven is in the perfect position to drive Teys USA into its next phase of growth in the U.S. We recently caught up with her for this month’s 5 Questions. 1.) Tell us a little bit about your background and what interested...
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Unleashing Value: Strategically Marketing a 250kt Iron Ore Shipment
Value With DecisionNext, a large iron ore producer increased profits by an average 6-8% on spot sales. Our solution helped them optimize pricing strategy and reduce the time required to make key decisions. Problem Without accurate forecasts, producers are forced to rely on historical averages, futures markets (if available) and...
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The Importance of AI Forecasting in Commodity Industries
Key takeaways: Globally, commodity markets are experiencing unprecedented market swings, and the traditional forecast models are broken Industries have been slow to adopt cutting-edge technology to improve forecasting decision support With DecisionNext, decision makers now have access to the AI tools they need to make smart, defensible decisions Price volatility...
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The DecisionNext Finished Goods Index Report – May 2024
Finished Goods Forecast Indices: June 2024 (Fig. 1) Figure 1 - DecisionNext finished goods indices for June 2024 (forecast locked on 4/28/24). To see last month’s index, click here. May 2024 Index Report In the March issue, we talked about how Chicken continues to creep up on relatively high prices...
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