Global pork exports have grown by 66 percent over the past decade, with China a major reason for the expansion. A major driver for China’s expanded imports over the past year-plus has been African Swine Fever. Now that ASF is under control and China’s domestic hog herd is expanding rapidly, major pork suppliers like the EU, U.S., Canada, and Brazil are searching for new market opportunities. There are none that are of the scale of China, but there are possibilities. On the supplier side, 90 percent of all pork exports originate in the EU (38 percent), the U.S. (29 percent), Canada (13 percent), and Brazil (10 percent). The EU has gained the most sales by tonnage and Brazil has had the highest percentage increase in sales (108 p...
What You Need to Know Today: Iran warned that it will retaliate against the U.S. if American strikes target Iranian infrastructure, as President Trump has threatened to do next week if negotiations between the two nations do not resume. President Trump is scheduled to deliver a primetime addre...
Turkeys for Thanksgiving are typically placed this month. Turkey production has suffered from HPAI and other diseases for the past two years, and placements are still down overall. However, at more than 34 pounds per bird, overall production is being supported by heavier weights and increased p...
Key Takeaways: Continued domestic demand for soyoil in the U.S. will drive prices higher and create a firmer outlook for global soybean values and crush margins. U.S. soyoil prices are set to increase 13-16 percent over the next four months as the domestic demand expansion takes hold. Th...
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.