Americans consume more than the dietary guidelines recommend for meat and grains while under-consuming fruit and vegetables. Vegetable consumption has been rising and is now at around 70 percent of recommended levels. This has been helped in part by fresh, low-cost supplies from Mexico. The U.S. imports about 6.8 MMT of vegetables from Mexico and they have been growing at 3 percent CAGR. However, there is a group of selected horticultural product imports that have been growing at 6.2 percent CAGR. Imports in this category grew by 34 percent in January and February of this year. Meanwhile, U.S. vegetable production has been declining on a 1.66 percent annual basis. A group of U.S. lawmakers want the U.S. International Trade Commission...
What You Need to Know Today: President Trump claimed the ceasefire between the U.S. and Iran was over, as both sides accused one another of violating the terms of the agreement. Commercial vessels are increasingly steering clear of the Strait of Hormuz as security risks escalate following Iran...
Key Takeaways: The CME Group is launching new 90 percent Lean Beef and 50 percent Lean Beef futures and options contracts in July. There are five key factors that must be present in physical markets and futures contract specifications for futures contracts to become successful. The two l...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.