Key Takeaways:
Imports supply 70–75 percent of U.S. lamb disappearance, with Australia and New Zealand accounting for nearly all imported volume. The deficit is structural, not cyclical: domestic production cannot scale quickly enough to displace imports or reset the market’s reference price. Freight and exchange rates function as pricing variables because imported lamb travels long distances and is priced across AUD, NZD, and USD currency relationships. Carcass consistency reinforces import dependence: U.S. lamb retains important quality advantages, but rising domestic variability weakens buyer confidence in uniform supply. The U.S. lamb market is short domestic production and long freight, FX, and Oceania climate risk.
The U...
What You Need to Know Today: The day belonged to the bulls as fund buying and technical momentum boosted corn, soybeans, and wheat to new rally or contract highs. Wheat futures exploded Wednesday around the world after Russia indicated it will increase its attacks on Ukrainian export infrastru...
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WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “How To”...
