Pork Plant Line Speeds USDA extended the New Swine Inspection System (NSIS) faster line speed trial period for 90 days; the program was scheduled to expire on 30 November. There are six packing plants operating under the NSIS, located withing about 100 miles of approximately 40 percent of U.S. hog production. The expiration would have reduced hog processing operational capacity and weighed on already bearish hog prices. The National Pork Producers Council estimates that the lower processing throughput with a loss of the faster line speeds would push hog prices down about $10 per head in the near term. The extension will allow a study of the effects of the faster line speed impact on worker safety; data was collected during the trial, but...
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.