Yesterday’s export report showed big sales for 2023 delivery totaling 73,600 MT. Mexico continued as the top market with sales of 31,000 MT (42 percent of total), followed by Japan at 15,700 MT (21 percent of total). The next tier of volumes was made up by Korea (7,000 MT), Canada (5,400 MT), and Australia (5,300 MT). Today, the November export data was released; shipments of pork in November were 245,663 MT, which was 103 percent of November 2021. That is the highest volume since May 2021. For the 11 months from January through November 2022, exports dropped to 90 percent of the same period last year, coming in at 2.43 MMT. November exports to Mexico totaled 87,809 MT, which was a record. Also, a record was the export v...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
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.