Rebalancing Global Meat The UN’s Food and Agriculture Organization will present a plan at next week’s COP28 meeting in Dubai that calls for rich countries to eat less meat, while instructing developing countries to boost their livestock production to improve animal protein in their diets. The organization complains that agriculture contributes a third of global emissions, and livestock production composes a third of the emissions by agriculture. It also says livestock production leads to deforestation and other externalities. Based on that, the solution is not to slow livestock production where it already exists and is efficient. The solution is to trade meat from current production areas to places with diets deficient in prote...
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.