China's slowing economy and higer prices together with other factors are leading to slower consumer demand for pork and a decline in hog production. While this is likely to lead to greater import demand into 2016, it will be tempered by the devaluation of the yuan. China: Lower Yuan, Less Hogs China is facing two key pressures this year: a declining economy that has led to the yuan's devaluation and high hog/pork prices. Hog prices there grew from about $0.85/pound in mid-April to $1.28/pound in mid-August. The slowing of the economy and rising prices have affected consumer demand. There has been a switch from pork to seafood consumption as well as a number of foot-and-mouth disease (FMD) outbreaks that have led to further culling. Chines...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Consumer spending is a key driver of the U.S. economy, and the latest retail sales data indicate that spending remains robust despite inflation. In September, total retail and food service sales rose more than 6 percent year-over-year, with food service spending up 7 percent and...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
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.