Over the past 15 years, U.S. dairy exports have expanded more than fivefold, reaching a record $7.1 billion in 2014, and the longer-term USDA 10-year forecast projects they will reach new records.Dairy has long been one of the reasons that trade deals were held up, and the Trans-Pacific Partnership (TPP) is a most recent example because of objections to trade liberalization by Canada. The dairy industry will be much more involved in trade in the future, and the U.S. sector’s future will be particularly reliant on it, according to a study from USDA’s Office of the Chief Economist. Indeed, dairy has been one of the world’s most protected commodities, but income and population growth around the world has changed much of that situation as well...
What You Need to Know Today: The U.S. conducted “self-defense strikes” in Iran and said the two sides are “close” to negotiating a ceasefire. “Close” is a relative term, however, and even if 95 percent of the terms are agreed to, the remaining 5 percent is l...
As we reported on 19 May, China has also committed to the resumption of U.S. poultry imports from states without confirmed HPAI detections. USDA’s Animal and Plant Health Inspection Service (APHIS) has updated its China export restrictions webpage to reflect that China has lifted HPAI-rel...
Key Takeaways: Brazil has been the second-largest producer of fuel ethanol globally, but almost all of it was derived from sugarcane until recently. Corn ethanol production has increased due to expanded second-crop corn production, sugarcane storage limitations, and biofuel policy. Brazil is e...
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.