Macroeconomic Trends Food Inflation Falls to Lowest Since February 2019 With October retail pork prices falling for the first time in China in the past 18 months, food prices for last month were up by just 2.2 percent on an annualized basis. Compared with this past September, which saw pork prices rise by 25.5 percent, the average retail pork price in October fell by 2.8 percent. Meanwhile, egg prices continued their downward trend, declining by 16.3 percent last month year-on-year versus a 15.8 percent drop in September. Heading in the opposite direction were the average prices for fresh fruit, fresh vegetables, cooking oil, and dairy products, which saw gains of .4 percent, 16.7 percent, 4.7 percent, and 1.3 percent, respectively. For...
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.