Surreptitious NTB Import inspectors in Western democracies would blow the whistle if politically told to single out and reject product from a specific foreign country on specious reasons. But Chinese import inspectors serve the goals of the all-powerful state. Dim Sums notes a sudden spike in Chinese rejections of imports of poultry and pork. The increase in rejections at inspection coincides with rising trade tensions with the supplying countries, and increased efforts to control the price and supply of domestic pork. There were typically no rejections at inspections for the suppliers and products before trade differences arose. Geopolitical Sacrifices Everyone knows that U.S. farmers are paying the price for America’s get toug...
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.
What You Need to Know Today: Attacks between the U.S. and Iran intensified overnight and the U.S. Central Command reported that the U.S. naval blockade against Iran will begin at 3:00 PM CDT Tuesday. President Trump said the Strait of Hormuz is open to all shipping traffic, except Iran. In an...
Beef packer margins improved to -$172/head last week, up $31 from the prior week as sharply lower fed cattle prices more than offset a seasonal decline in the Choice cutout. The cutout fell to $382/cwt while fed cattle prices dropped to $248/cwt, allowing packers to recover some of the margin c...
Key Takeaways: Aquaculture is becoming increasingly important in meeting global seafood demand, gaining market share as wild-caught fisheries face production limitations. Superior feed conversion efficiency gives aquaculture a competitive advantage over traditional livestock production, with l...