First Half 2018 Exports Up; Second Half TBD June export numbers show pork shipments down for the month but up for the first half of the year. There were many pre-tariff shipments with exports setting a new record in April before dropping off in May and June. On 2 April, China increased its tariffs on U.S. pork and variety meats. It is by far the largest customer for the latter, which bring value back to the carcass. The tariffs then rose again on 6 July with the total duty on pork exports to China now at 62 percent. Moreover, domestic production in that country has increased, reducing U.S. market share. A new 10 percent tariff hit U.S. pork shipments to Mexico on 5 June, which dampened exports by 7 percent for that month versus June 2017...
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
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.