FX and Brazilian Pork Currency fluctuations are impacting the Brazilian pork sector -- for the better. The average price of pork in Brazil in March was $2.67 per kilo, which is lower than $2.75 in February and $2.85 in March 2011; however, in Brazilian reals, pork prices in March averaged 4.79 reals per kilo, 1.1 percent more than in February, when the average was 4.74 reals per kilo. Overall, in U.S. dollars, revenue was up 28 percent in March over February and up 2 percent over March 2011; in domestic currency, revenues were up 33 percent. Export shipments from Brazil were up nearly 32 percent in March compared to February and 8.8 percent more than in March 2011. This was a pleasant surprise for a sector that had anticipated...
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
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.