World Perspectives
livestock

Livestock Roundup: Cattle and Beef Imports

High cattle and beef prices are supporting imports. First, cattle imports through July are up 22.6 percent compared to last year. Imports from Canada are up 18.1 percent and imports from Mexico have increased 25.2 percent over the same period.    This trend of increased imports certainly has played some role in maintaining on-feed inventories and placements throughout this year. Mexico is still experiencing drought conditions that have likely catalyzed more shipments of feeders to the U.S., especially with current feeder cattle prices. Feeder calf prices softened some in August but still remain above year-ago levels.

Beef imports are up 20.1 percent through July compared to the 2023 January through July period. Most notably, b...

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FOB Prices and Freight Rates App (Updated 4 March)

WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “How To”...

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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.

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