World Perspectives
livestock

Red Meat Exports: Gains for Pork, Headwinds for Beef

Yesterday’s export report showed big sales for 2023 delivery totaling 73,600 MT.  Mexico continued as the top market with sales of 31,000 MT (42 percent of total), followed by Japan at 15,700 MT (21 percent of total). The next tier of volumes was made up by Korea (7,000 MT), Canada (5,400 MT), and Australia (5,300 MT). Today, the November export data was released; shipments of pork in November were 245,663 MT, which was 103 percent of November 2021. That is the highest volume since May 2021. For the 11 months from January through November 2022, exports dropped to 90 percent of the same period last year, coming in at 2.43 MMT.  November exports to Mexico totaled 87,809 MT, which was a record. Also, a record was the export v...

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Un-Trade Agreements; Ag in Big Beautiful Bill; CAP Controversy

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WPI Crop Progress and Conditions App (Updated 30 June)

Update for 28 April 2025: Last year, users pointed out differences between the 5-year averages reported in this app and what USDA estimates in its weekly report. The difference exists because WPI calculates average based on the last 5 years of observations for the current week. In cases where o...

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Summary of Futures

Sep 25 Corn closed at $4.0925/bushel, down $0.0225 from yesterday's close.  Sep 25 Wheat closed at $5.3825/bushel, down $0.025 from yesterday's close.  Nov 25 Soybeans closed at $10.27/bushel, up $0.0225 from yesterday's close.  Aug 25 Soymeal closed at $275.8/short ton, up $0.2...

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From WPI Consulting

Weighing in on strategic realignment

WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.

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