Miracle Economics Leaders in the Biden Administration are taking credit for expanding market access in Japan for U.S. beef. U.S. Agriculture Secretary Tom Vilsack praised the deal by saying, “America’s farmers and ranchers have beef products that can compete anywhere in the globe and this announcement will allow them to demonstrate just that.” This is an amazing economic turnaround. Just last week the Administration declared U.S. beef too expensive and blamed a vicious monopoly for ripping off Americans with artificially high prices. In fact, the U.S. is the top beef exporting country in the world, mostly through the four big packing firms. How do they “over-price” their product and still outcompete? Age of P...
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
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.