Wheat and pigs were the day’s winners, with much of the rest of the contracts bleeding red. President Trump’s war of words with China added some negative energy on the day. It was similar for the week with HRS and hogs adding value, and soymeal higher by a miniscule fraction, but th...
On 2 April, President Trump announced the U.S. will impose a minimum baseline of 10 percent tariffs on all imported goods into the U.S. as well as higher reciprocal tariffs on exporting countries that impose tariffs on U.S. goods. Countries that will see tariffs higher than the baseline 10 perc...
Dry-Bulk Ocean Freight Dry bulk markets remain essentially flat with cargo demand remaining “elusive”. Increased demand from China remains the key for markets going forward, but the Middle Kingdom has not seen any surge in bookings yet. The Baltic Dry indices were mixed this w...
In Q1, U.S. pork exports to Mexico grew by 11 percent year-over-year according to the U.S. Meat Export Federation (USMEF). That’s despite U.S. exports hitting a record $2.6 billion in 2024. According to USMEF, pork consumption in the country has increased more than 50 percent over the las...
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.