Sub-Saharan Africa is very diverse and defies a singular stereotype. Income ranges from the Seychelles off the eastern coast at nearly $30,000 per capita, to Burundi at less than $800/person. GDP for the region has been growing by just 0.74 percent/year but population has been expanding at 2.44 percent. Both factors support increased meat consumption, but data collection is inadequate, and the informal consumption of bush meat is widespread. The consumption of lower cost poultry meat has been growing fastest, with pork second despite 30 percent of the population being Muslim. Only South Africa and Angola report pork consumption. Beef consumption is country specific to the availability of grazing areas. ...
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.
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...