The Livestock and Meat Export report for September was released today. Pork exports were 545 million pounds in September, up 17 percent over last September. Value was up 6 percent to $563.2 million. Through the first three quarters of the year, exports were up 16 percent of 2019 year-to-date pace in both volume at 5.424 billion pounds and value at $5.69 billion. For muscle cuts alone – no offal – volume was up 22 percent and value up 19 percent. Through September, exports accounted for 29.6 percent of total production and 26.9 percent for muscle cuts; that compares to 26.3 percent and 22.8 percent respectively for 2019. Notably, Mexico maintained its spot as the top destination for muscle cuts after regaining it in Augu...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
From WPI Consulting
Forecasting developments in production agriculture
On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.