Many are calling for paradigm shifts in most societal functions and a lot of changes are already happening, but government will slow farming’s ability to react. Food Retail: Over half the money families spent on food was for meals prepared away from home. Amid stay at home orders, food delivery has turned from a money-losing proposition to a necessity. Grocery stores have gone from an after-thought to one of the few places people can go and risk catching the virus. Large gatherings of people such as conventions and sporting events may not return for a year, meaning less demand for everything from hot dogs to banquet-sized rib roasts. Sneeze guards will not be enough to save salad bars. Food retail may be the hardest hit by the crisis...
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.
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...