Rabobank says it sees an animal protein production slowdown in 2023, led by beef since it is the downside of the U.S. cattle cycle, but continued expansion in poultry. Part of the problem iT sees is continued high production costs. However, trade demand continues to grow, and surplus stocks are variable and headed lower. This should provide producers with some pricing power, assuming the global economy does not slow too much. Any meaningful expansion in alternative protein products will take years to produce and depend upon being discounted to the real deal. ...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
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.