Food Inflation Food Prices See Biggest Jump in Four Months The average cost of food in China rose by 6.2 percent from a year ago in January, marking the third straight month of increases and the highest uptick since last October. Going back to April 2022, food prices in the country have now risen for ten consecutive months. The January number might come as a surprise given the surge in COVID-19 cases and related deaths, but with the Zero-COVID-19 policy essentially set aside, most people gathered with extended family to celebrate the lengthy Lunar and Lantern Festival holidays. The big drivers in January of higher food costs included fresh fruit, pork, vegetables, eggs, and cooking oil, which saw annualized upticks of 13.1 percent, 11.8 p...
The corn and soy complex closed higher, with the wheat market mixed, as winter wheat closed up but spring wheat and livestock ended lower. Part of the strength for corn and soybeans may have been a weather premium, as crop planting has started out fast but warm weather has been slow to develop...
Reflect for a moment on what you eat. There is a lot of advice out there in the ether about what you should eat, but really, what do you currently eat and how much? The good people at the USDA have some data for you, to help you answer that question. USDA says that we eat quite a bit of meat. L...
WPI recently completed an expansion of our methodology for estimating and forecasting U.S. and global soybean crushing margins. The new approach incorporates the energy market’s expanding influence on the oilseed sector and the structural changes in global biofuel demand. This report is i...
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.