Macroeconomics Food Prices See Biggest Surge in Nearly Two Years The lasting impact of the spring coronavirus lockdowns in major coastal cities coupled with a rebound in pork prices sent the cost of food soaring by 6.3 percent in July. That marked the fourth consecutive month of increases. While daily life has largely returned to normal in the coastal cities, emergent hotspots in inland cities like Wuhan or the recent isolation of 80,000 tourists in the popular vacation spot of Hainan, an island in South China Sea, demonstrate that market disruptions due to a questionable public health response will continue to have economic repercussions for the country. For consumers, the surge in food costs was the largest since September 2020 with por...
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.