Weekly trade data showed a big uptick in pork exports last week; net sales were up 83 percent from the four-week average and actual shipments were up 82 percent. Big buyers were the two stalwarts Mexico and China. Out of net sales of 71,900 MT, Mexico was the buyer of 25,000 MT (35 percent) and China bought 19,500 MT (27 percent). Mexico at 29,400 MT was the destination for 39 percent of total actual shipments of 75,900 MT and China at 22,400 MT was 30 percent. Mexico returned strong to the market; December 2023 shipments were up 17 percent over last year at 105,451 MT, which broke the previous record of October 2023 by 5 percent. Year-end exports to Mexico were up in volume at 1.1 MMT and valued at $2.35 billion. But it wasn’...
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
Forecasting developments in production agriculture
On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.