The Philippines may increase its pork imports under a reduced tariff by over 600 percent, from 54,210 MT to 404,210 MT to better meet demand and reduce price inflation. The agriculture ministry says around 15 percent of the hog inventory was lost to ASF in 2020 and, as a result, it cannot meet 25 percent of the pork requirement this year. Even with the increased imports total supply will still be below levels before the ASF outbreak. Globally, pork production is down 8.1 percent from its peak before ASF and consumption is down 8.2 percent. Price analysis by Iowa State University indicates that China’s hog inventory is unlikely to return to previous high levels until well into 2022. Reports of a British gene-based ASF vaccine that was...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.