Tariffs Come and Tariffs Go Now that the Section 232 tariffs on Mexican steel and Mexico’s retaliatory tariffs on U.S. pork have been lifted, some normalcy has been restored to U.S. pork’s largest volume export market. Additionally, the U.S. - Japan trade deal has been signed, eliminating the tariff disadvantage for U.S. pork and beef in its highest value market. In the opposite direction, President Trump will be implementing tariffs on $7.5 billion worth of imports from the EU after the WTO ruled its subsidies to Airbus are illegal. Included in the retaliation will be a 25 percent levy on EU ag products, including specialty crops, dairy, plus pork and ham. The new tariffs will go into effect on 18 Octo...
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
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.