Proponents claim that Cuba’s agricultural imports from the U.S. could double this year to $500 million. They have increased by 72 percent in the first five months of this fiscal year, though from a low level. Nearly all the increase has come in one category, poultry meat and products, excluding eggs. Advocates of relational effort with Havana argue the reason is Cuba’s policy reforms that emphasize strengthening the sector and increasing foreign investment. Though if this were true, Cuba’s poultry industry would not be stagnant and food imports would become less necessary. Cuba did surprisingly abstain from voting censure of Russia in the UN General Assembly on the issue of invading Ukraine. Particularly since Russi...
Key Takeaways: On Friday afternoon, President Trump announced that Russia will “immediately supply over 300,000 Tons of Diesel Fuel” to the United States. The deal, typical of this administration, is light on details but promises an additional 500,000 tons in November and 1 m...
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.