A survey by the European Central Bank found that 66 percent of Europeans say they already eat less meat in order to flight climate change, and another 13 percent say they plan to do so soon. Europeans take climate change seriously and Denmark has included climate change in calculating its dietary guidelines, again with the conclusion to eat less meat. In fact, the data shows that EU consumption of beef, pork, and poultry is down 2 percent from its peak in 2018. But EU production of beef, pork, and poultry is rising at a CAGR of 1 percent. Indeed, EU soybean imports to feed the additional animals has been rising, much to the chagrin of food sovereigntist. This is because EU exports of beef, pork, and poultry have been rising at...
What You Need to Know Today: President Trump claimed the ceasefire between the U.S. and Iran was over, as both sides accused one another of violating the terms of the agreement. Commercial vessels are increasingly steering clear of the Strait of Hormuz as security risks escalate following Iran...
Key Takeaways: The CME Group is launching new 90 percent Lean Beef and 50 percent Lean Beef futures and options contracts in July. There are five key factors that must be present in physical markets and futures contract specifications for futures contracts to become successful. The two l...
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.