Policy A TRUE PRISONER’S DILEMMA At last weekend’s G7 summit in Biarritz, France, President Trump’s public ruminating on the progress/overall success/exit strategy with respect to the trade dispute with President Xi and China revealed just how boxed in the hardliners in the two countries have become. With the U.S. set to raise tariffs again on a portion of goods from China at the start of September, China’s leadership has responded with its own list of tariffs on targeted products. At this point, the back-and-forth and who threatened what and when seemingly obfuscates the fact that the hardliners in each camp, regardless of their lack of a clear strategy, have sucked all the oxygen out of the room. Comments...
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: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
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
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.