World Perspectives
livestock

More China Pork

As noted yesterday, China’s pork imports appear to have recently turned higher despite supposedly over-abundant and under-valued domestic supplies. In an article about the over-supply of pork in the U.S. market, the Wall Street Journal cited declining sales to China during the first 11 months of 2023. But that may be an oversimplification. U.S. pork exports to China for the complete marketing year were down, but by just 3.5 percent. And commitments were off by only 2.4 percent. Looking at more recent data, marketing year to date pork purchase commitments by China from the U.S. are up 10.3 percent year-on-year, and actual pork shipments are up 23 percent. But again, using only part of a marketing year’s data can be deceptive as...

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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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