USDA released its Livestock and Poultry quarterly trade update this week, showing a mix of exports coming on to the global market. Global beef trade is forecast to stay virtually the same as 2022, pork is forecast to be down, and broiler meat to increase about 1 percent. That compares to forecasts for U.S. exports, down for beef, up for pork and broilers. Making up for the U.S. in pork and beef is Brazil. Exportable supplies of beef are tighter in the U.S. and also in Uruguay and Argentina; Brazil will make up the balance – with most of its exports destined for China. Brazil’s pork is price competitive on the global market given the value of the real and are expected to fill in for smaller EU exports, particularly in...
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.