Fake Pork Trade USTR Katherine Tai announced that bilateral negotiations had resulted in India opening its market to imports of U.S. pork. This past year, Americans bought on average $21 apiece worth of food from India. By contrast, U.S. agricultural exports to India totaled the equivalent of $1 per Indian, due to barriers against most imports that would be competitive against Indian farmers. Technically, there have been no U.S. pork sales to India due to the lack of a veterinary agreement but fundamentally it is because Indians do not eat pork. Over half the population is either vegetarian or they are pork abstaining Muslims. The consumption of pork is culturally frowned upon, making this concession an easy one for New Delhi to make. ...
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
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.