Public Health COVID-19 Case Count in Shanghai Continues to Surge According to various news reports and social media, government officials in Shanghai have issued a series of stern warnings regarding potential violations of the lockdown. New coronavirus (COVID-19) cases have risen to a record 26,330 as of Tuesday, which has rattled the city’s political leadership. Meanwhile, local residents have complained about being separated from their children in the case that either them or their kids test positive, and reports of food and water shortages are continuing to mount. Police have issued statements threatening Shanghai citizens with severe punishment should any individual be caught violating quarantine measures or using forged d...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
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.