U.S. beef production has been falling but pork output is rising. The higher price of beef has made the consumption of competing animal proteins like pork and poultry more attractive. Thus, pork prices initially got a boost out of the extra demand created by the shortfall in beef availability. USDA’s forecast calls for beef production and exports to continue falling, as its price continues to rise. However, the spillover in the pork market recedes next year, when pork prices are forecast to fall, and the growth in pork exports continues to rise. The drop in beef output would be greater except feedlots are incentivized to increase the weight of the animals on hand. Average slaughter weights of hogs is also increasing. U.S. pork e...
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
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.