The Livestock and Meat Export report for September was released today. Pork exports were 545 million pounds in September, up 17 percent over last September. Value was up 6 percent to $563.2 million. Through the first three quarters of the year, exports were up 16 percent of 2019 year-to-date pace in both volume at 5.424 billion pounds and value at $5.69 billion. For muscle cuts alone – no offal – volume was up 22 percent and value up 19 percent. Through September, exports accounted for 29.6 percent of total production and 26.9 percent for muscle cuts; that compares to 26.3 percent and 22.8 percent respectively for 2019. Notably, Mexico maintained its spot as the top destination for muscle cuts after regaining it in Augu...
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
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.