Trade talks have been on-again/off-again since 2008. In fact, Canadian beef regained access to Korea in 2012 after a ban due to bovine spongiform encephalopathy (BSE) was lifted. Canada and Korea Sign FTA The Canada-Korea Free Trade Agreement (CKFTA) was signed yesterday in a ceremony with Canadian Prime Minister Stephen Harper and Korean President Park Geun-hye during her trip to Canada. Trade talks have been on-again/off-again since 2008. In fact, Canadian beef regained access to Korea in 2012 after a ban due to bovine spongiform encephalopathy (BSE) was lifted. However, Canada Beef Inc., a promotion authority, announced last year that it was closing its Seoul office in part because of a lack of progress on the CKFTA and a realignment o...
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
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.