U.S. lamb and mutton exports were up 38 percent in January, but the market is still nothing to write home about. U.S. exports are swamped by the level of imports of lamb and mutton by a factor of 100 to one. Lamb and mutton imports in 2021 increased by 20.7 percent, versus a 7.6 percent increase in exports. Moreover, exports of less valuable mutton grew whereas lamb exports shrank. By contrast, lamb imports grew faster than mutton imports. Lamb and mutton remain mostly a minor meat consumed largely by ethnic minorities in the U.S. ...
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
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.