Economy The National Bureau of Statistics says China’s GDP grew 5 percent year-over-year in Q1 2026. Other sources contend that the Iran war has helped pull the economy out of deflation and that it is now in the middle stages of a multi-year correction. The data for the agriculture sector show cattle and sheep production in decline, with fewer sows potentially impacting future hog production.
Agricultural Forecast The Ministry of Agriculture and Rural Affairs issued its China Agricultural Outlook: 2026-2035 with a forecast of greater self-sufficiency. By 2035, the Ministry sees China’s grain output up by 5.3 percent as grain imports fall by 18 percent. Soybean imports are slated to drop by 26.2 percent. For 2026, the repo...
The U.S. will observe Labor Day on Monday, 7 September. U.S. markets and the WPI office will be closed that day. The next edition of Ag Perspectives will be published Tuesday, 8 September...
Key Takeaways: Drought and changes to the multi-year trend in cow slaughter and retention have the potential to dramatically alter beef trim supplies and pricing, and WPI specifically models three different drought scenarios for fall 2026. Based on our models, WPI expects 90 percent lean...
Brazil’s broiler exports are up 29.9 percent by volume in July and up 43.3 percent in value, and for the January through July period, exports rose 15.2 percent by volume and 19.3 percent in value. China was the top customer in July with 75,000 MT after being closed in July 2025 due to HPA...
A Small Industry Tied to a Global Benchmark The U.S. wool industry is small by global standards but heavily export-dependent, with roughly 60 percent of U.S. wool leaving the country each year. Australia, by contrast, dominates world wool trade. Because the U.S. lacks a deep domestic auction ma...
