The text of the Trans-Pacific Partnership (TPP) agreement was released to commodity groups today along with a slew of promotion materials from USDA and the U.S. Trade Representative. The big prize for U.S. meat and poultry exporters is Japan. TPP Text Released The text of the Trans-Pacific Partnership (TPP) agreement was released to commodity groups today along with a slew of promotion materials from USDA and the U.S. Trade Representative. Under the deal, the U.S. gives up tariffs on beef within 15 years with the top end currently at 26.4 percent. Similarly, tariffs on pork are eliminated in 10 years with the highest being at 10 percent, and those on poultry, which are up to 18.6 percent, are given up within 10 years.The big prize for U.S...
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.