Pork export sales hit a yearly high for the week ending 1 October at 60,200 tons, which was 152 percent of the four-week average. China bought close to half of that at 29,000 tons. The overall movement reflects the ASF situation in Germany which is out of the export market. Other buyers were Mexico at 16,400 tons, Canada at 4,500 tons, and Japan at 2,400 tons. These are traditional markets for the U.S. Purchases of U.S. pork by Korea, another key customer of Germany, were 2,000 tons. Much of what Korea buys from Germany is highly fabricated belly cuts, something that the U.S. is not in a position to substitute for because of U.S. plants’ fabrication operations are being re-tooled due to COVID. China also bought more than...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
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.