End of Exporting Humans have traded food for millennia, from the luxuries of the spice trade and the Silk Road to wheat bartering in the Middle East/North Africa. The global trade in food exploded after WWII as a means to fight war-based starving and continued to grow as populations expanded faster than food production in some countries. Today, it is the mantra of the industry to move food from where it is in surplus to where it is needed. Farmers in food surplus countries like the U.S., EU, and South America would go out of business without exports. Now Dutch Minister for Nature and Nitrogen Policy Christianne van der Wal-Zeggelink says that, “Export percentages are not a goal for us. Our goal is emission reduction and to res...
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.