Miracle Economics Leaders in the Biden Administration are taking credit for expanding market access in Japan for U.S. beef. U.S. Agriculture Secretary Tom Vilsack praised the deal by saying, “America’s farmers and ranchers have beef products that can compete anywhere in the globe and this announcement will allow them to demonstrate just that.” This is an amazing economic turnaround. Just last week the Administration declared U.S. beef too expensive and blamed a vicious monopoly for ripping off Americans with artificially high prices. In fact, the U.S. is the top beef exporting country in the world, mostly through the four big packing firms. How do they “over-price” their product and still outcompete? Age of P...
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.