The EU has negotiated a trade deal with Japan following on the Japan-Australia agreement of 2015. With the U.S. pulled out of the TPP, U.S. red meat exporters are now at a disadvantage with two of their biggest competitors.When President Trump pulled out of the Trans-Pacific Partnership (TPP) agreement, the U.S. red meat industry lost leverage in Japan. This has been one of its top markets since Japan ended its quotas on U.S. beef under the 1988 beef and citrus trade agreement. The TPP would have given U.S. beef and pork enhanced access there, which would have leveled the playing field with Australia. That country has an 8 point tariff advantage over U.S. beef under the 2015 Japan-Australia Economic Partnership Agreement. Now in the vacuum...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Consumer spending is a key driver of the U.S. economy, and the latest retail sales data indicate that spending remains robust despite inflation. In September, total retail and food service sales rose more than 6 percent year-over-year, with food service spending up 7 percent and...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
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.