Macro Trends U.S. Ag Exports to China Set Record Through September For the first nine months of 2021, the U.S. has shipped a total of 37.17 MMT of agricultural products with an export value of $18.97 billion. That compares to 23.83 MMT worth $12.03 billion for the same period in 2020. The previous record was set during the commodity boom in 2012, when U.S. ag shipments to the Middle Kingdom soared to 22.58 MMT with a value of $15.62 billion. The average FOB value for September increased from August by 16.6 percent to $735.69/MT, the highest monthly average since March 2020, when the country was in full lockdown due to the COVID-19 pandemic. Helping drive up the average FOB price have been strong corn sales along with high wheat prices, st...
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...
From WPI Consulting
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.