Key Takeaways:
Drought and changes to the multi-year trend in cow slaughter and retention have the potential to dramatically alter beef trim supplies and pricing, and WPI specifically models three different drought scenarios for fall 2026. Based on our models, WPI expects 90 percent lean beef trim prices to fall 7 percent by mid-November and close the year down 5 percent from current values. This means the U.S.’s new 300,000 MT beef import policy comes at a time when beef markets are already sensitive to supply and price pressures, thus escalating the chances for outsized and market-distorting impacts.
The Details: Beef prices have been in the news a lot lately and have even drawn presidential ire and an unusually intense focu...
What You Need to Know Today: U.S. and Chinese officials are expected to discuss agriculture and non-tariff trade barriers ahead of Chinese President Xi Jinping’s visit to Washington later this month, potentially opening the door to additional U.S. agricultural purchases or improved marke...
The U.S. will observe Labor Day on Monday, 7 September. U.S. markets and the WPI office will be closed that day. The next edition of Ag Perspectives will be published Tuesday, 8 September...
It is hard to have a productive conversation about agricultural pesticide use. The subject carries so much ideological baggage that raising it can invite an argument—or bring the conversation to an uncomfortable silence. Glyphosate, the active ingredient most closely associated with the R...
