One of China's requirements in its agreement regarding U.S. beef shipments is traceability, and Senator Jon Tester (D-Montana) has noted this is a model for a new COOL law in the U.S. U.S. Beef Already Shipped to China As previously reported (see Ag Perspectives, 13 June), USDA‘s Agricultural Marketing Service (AMS) announced the details of a protocol for import access of U.S. beef to China on 12 June. By 14 June, Greater Omaha Packing Company had already loaded a cargo of middle meats for air shipment to that destination. The company exports extensively and had a traceability and export verification system in place that met the requirements of the new deal with China. COOL Resurrection One of the Chinese requirements in the agreement...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Consumer spending is a key driver of the U.S. economy, and the latest retail sales data indicate that spending remains robust despite inflation. In September, total retail and food service sales rose more than 6 percent year-over-year, with food service spending up 7 percent and...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
From WPI Consulting
Forecasting developments in production agriculture
On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.