WPI forecasts 2017/18 U.S. wheat exports will be 5% above USDA’s latest projection. Russia’s record production will not be able to overcome...Among the little surprises in last Friday’s reports from USDA NASS was the increase in estimated hard red spring (HRS) wheat production. Private observers, including WPI, were nearly unanimous in predicting that drought-damaged HRS wheat production would decline from NASS’ previous estimate of 364 million bushels, especially after harvested area was reduced to reflect abandoned acreage. However, estimated HRS production was increased by 21 million bushels to 385 million.NASS adjusted harvested acreage lower, but only by 3.7 percent. On a state-by-state basis, NASS cut harvested acreage in North Dakota...
What You Need to Know Today: U.S. Treasury Secretary Bessent said the U.S. and Iran could “today or tomorrow” reach a deal to reopen the Strait of Hormuz. Despite the Secretary’s claims, an attack on a vessel off the Omani coast suggests plenty of risk remains in forming a lo...
Beef packer margins slipped modestly for the first time in four weeks, declining $15/head to -$78 as fed cattle prices firmed while boxed beef values continued to weaken. The Choice cutout eased another $2.63/cwt to $364.69, while dressed cattle prices fell only $2.76/cwt to $362.25/cwt, limiti...
Key Takeaways: Offal represents an important segment of global meat trade by adding value to underutilized portions of livestock carcasses and improving overall resource efficiency. Strong export demand for products such as pork variety meats and chicken feet allows processors to maximize carc...
From WPI Consulting
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.