In yesterday’s report, looking forward to today’s WASDE, we noted that all eyes should go to the meat and broiler export forecasts “as trade is the driver” for 2020. As it turned out, nothing changed on those forecasts. It would appear that the Japan-U.S. deal was already factored in, and it was indeed too early for USDA to fully include the China deal. On the topic of China, a trade team from Beijing is expected in Washington on Monday for the signing of the pact next Wednesday. Also note, we’ve learned that a U.S. team may go to China as early as the first week of February, ostensibly for the kickoff of Phase Two talks … but right now, that is tentative, at best. There is still news to come abo...
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.