A larger problem for the TPP is that even the pact’s supporters in the U.S. (the business community) have mostly endorsed it with the caveat that it needs some fixes. Now the pork industry is becoming lukewarm as it sees Japan taking certain measures. TPP’s Challenges A report jointly produced by the World Bank and the Peterson Institute for International Economics on the impacts of the Trans-Pacific Partnership (TPP) will be used by both American supporters and opponents of the trade agreement. On one hand, it shows U.S. exports growing 0.4 percent by 2030, a faster rate than at least four other signatory countries, but on the other, it has the overall American economy gaining the least growth overall. The latter is largely the result of...
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
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.