Trade WarPost the November U.S. election, the focus has been on preparing for an inevitable trade war with the U.S. China has increased government reserve stocks and increased imports from Brazil. Traders worked to get ahead of the new Trump tariffs with Chinese exports in December jumping 10.7 percent. Some argue that China is already winning the industrial trade war. Its exports in 2024 reached nearly $1 trillion. A study by Rabobank says that retaliation by China to President-elect Donald Trump’s tariff plan will cause the price of soybeans to drop $1.50 - $2.00/bushel and will result in 5 million acres fewer soybeans being planted. It assumes China imposes a 25 percent tariff on all imports from grain and oilseeds from the U.S. Chi...
As WPI reported on 21 August, President Trump has announced 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, which stand at 26.4 percent, allowing imports at 4.4 cents per kg, a move aimed at bringing down costs f...
Key Takeaways: Imports supply 70–75 percent of U.S. lamb disappearance, with Australia and New Zealand accounting for nearly all imported volume. The deficit is structural, not cyclical: domestic production cannot scale quickly enough to displace imports or reset the market’s refer...
Key Takeaways: Expected returns to production for U.S. cow-calf producers have shifted lower from prior forecasts as cattle values fall and feed costs rise. Producer revenues are forecast 4–5 percent below our July outlook and will be 3 percent below 2025 levels. Costs are quickly...
Today, Canada announced retaliatory tariffs on 700 products exported from the U.S., aiming to match “dollar for dollar” the duties imposed on Canada. They will take effect on 8 September (see the complete list here). 50 percent tariffs: steel, aluminum, furniture, clothing, video g...
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.