The September export data for red meat is in. Pork grew for the second month, and beef cooled off from a so-far record year. September was the first month of 2022 that beef exports were lower than year ago totals. Exports of U.S. beef in September were down 7 percent from September 2021, in both volume and value. But even with that drop, the year-to-date export volume totals from January through September are up 4 percent, and export value totals are up 20 percent. Last year was a record for beef export value at $10.58 billion. o far this year, total export value is $9.12 billion – which by itself would be the second largest year on record. If exports in Q4 average the same as 2013 then 2022 would set another...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
From WPI Consulting
Forecasting developments in production agriculture
On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.