Public Health COVID-19 Case Count Up, Deaths Fall, Lockdowns Spread Since the end of March, the trailing seven-day average of novel coronavirus cases in China has made a U-turn according to data from Johns Hopkins University. After spiking to a record seven-day average of 66,551 cases on 1 March, with the outbreaks in Shenzhen, Jilin, and Shanghai, the new lockdown measures quickly reduced the average to 14,382 by 30 March. Through Sunday, the seven-day average had more than doubled, rising back to 30,179 cases with a corresponding mortality rate of 41 COVID-related deaths. As of yesterday, the seven-day average had retreated to 24,948 cases and 32 deaths. The low death rate is attributable to the widespread incidence of vaccine inoculati...
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
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.