Livestock China’s Meat Imports on Track for Record Year Although the pandemic and the ongoing trade war with the U.S. have caused many challenges with international trade, meat imports are headed for a record year. The most recent data from the China Customs Bureau show that of the 7.41 MMT of frozen meat imported through the first nine months of 2020, 59.3 percent was pork. The leading suppliers according to the Bureau’s report have been Spain, Brazil, and the U.S. with shares of 23.6 percent, 14.9 percent, and 14.8 percent, respectively. The outlook for the remainder of 2020 is that China will import an annual total of 9.5 MMT, the highest in history. That equates to roughly 50 MMT of feedstuffs, assuming a meat to feed rati...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
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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.