Economic Slowdown Curbs China's Meat Consumption China's economic growth has shown signs of slowing down, falling from 8.1 percent (Q1) to 7.6 percent (Q2) and 7.1 percent (Q3) this year. It is estimated that China's GDP growth will be at 7.8 percent this year compared to 9.2 percent in 2011. The nation's catering industry is affected by the slower growth and catering revenue has also seen slower growth or even decreases in the past three quarters. In some cities, catering revenue declined as much as 15-20 percent, thus curbing domestic meat consumption as a result. The Chinese government recently claimed that China's national livestock and meat consumption declined in the first 10 months of the year. The national meat consumption index...
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.