Europe has been a major producer, consumer, and exporter of pork but that is changing. Seven out of the top ten per capita consuming countries in the world were in Europe. Pork production peaked in 2021 and has fallen around 8 percent since then, in part due to ASF but it has also fallen out of favor. Increased pork exports initially replaced declining domestic demand but now that has fallen. The industry is not coming back. ASF has contributed to the decline, but its root cause is varied. There has also been downward pressure from an aging, declining population, concerns about health and the environment, plus increased regulatory burdens. ...
What You Need to Know Today: The hot, dry weather forecast continues to drive strength in grain futures with corn and soybeans hitting another day of strong gains. Monday’s Crop Progress and Conditions data were in line with market expectations and showed relatively few concerns for the...
Yesterday we wrote about the Q1 GDP numbers and the June employment reports in an article entitled Real GDP for Q1 Relying on AI Buildout, Held Back by Consumer Spending. That article mentioned that consumer spending had become a drag on GDP. Nonetheless, real GDP in Q1 was revised upward to 2...
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.