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...
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...
The U.S.-Mexico-Canada Agreement (USMCA) enters its mandated six-year review on 1 July. The original intent of the review is outlined in Article 34.7, which obligates members to: Provide recommendations and decide on appropriate actions. Extend the USMCA for another 16 years and meet aga...
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.