Chinese Consumers Turn Toward Imported Food A recent survey conducted by an international market research firm shows that more Chinese consumers have turned toward imported food and foreign brands due to the rising concerns over food safety in the domestic market. According to the survey based on interviews with 2,100 respondents, 61 percent said their confidence in the safety of domestic food has declined over the past few years and 28 percent said they will buy more imported food to replace domestic products. The survey also shows that dairy products are the most purchased imported food at 71 percent, followed by grain and oil at 57 percent and children's food at 56 percent.A domestic market research firm also conducted a similar survey...
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
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.