Livestock Tariff on Imported Pork Set to Rise to Help Domestic Industry Even with China’s national reproductive sow inventory falling to 43 million head in November, the fifth consecutive drop, officials remain concerned about excess supply. The Ministry of Finance announced this week that the tariff on imported pork will increase to 12 percent in 2022 from the current level of 8 percent, as the country’s domestic pork supply has surpassed its African Swine Fever (ASF) recovery goals. Through the Ministry of Agriculture and Rural Affairs (MARA), the central government has also set new reproductive sow inventory goals by province/major city and an alert level of 37 million head as a floor, which represents 90 percent of the 41...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.