Public Policy Xi Looks To Third Term as Golden Holiday Celebration Arrives With China’s Communist Party set to hold its 20th national congress on 16 October, questions abound about whether Xi’s unprecedented third term will produce results. The track record so far in 2022 has been one of the worst economic environment’s for the country in the past two decades. With Q2 gross domestic product advancing by just .4 percent year-on-year and the outlook for Q3 projecting an uptick of just .8 percent, due the severe real estate crisis, ongoing lockdowns, and lackluster consumer spending, market confidence is at low point not seen since the 1990s. When Xi came to power in 2013, his new administration put forth a broad pla...
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.