On 31 May, one day prior to implementation of the U.S. tariffs on steel and aluminum, the Economy Secretariat of Mexico announced that until those are rescinded, Mexico would respond with an equivalent amount of tariffs on U.S. pork legs and shoulders as well as sausage, cheese, apples, food preparations, and various manufactured goods. Yesterday Mexico did just that, imposing a 10 percent tariff on pork that will increase to 20 percent in 30 days (on 5 July). No country has ever shipped more pork to another country than the U.S. did to Mexico last year at more than 800,000 MT worth $1.51 billion. About two-thirds of that value applied to hams, which would now fall under the new tariff. U.S. pork is gaining market share globally. Although...
What You Need to Know Today: Brazilian President Luiz Inácio Lula da Silva secured reelection on Sunday, defeating right-wing Senator Flávio Bolsonaro despite trailing in the first round of voting. The surprise victory triggered a sharp selloff in Brazilian financial market...
The 2026 midterm elections are a week from tomorrow, but early voting has been taking place for weeks. At stake is control of Congress, including the House of Representatives, where all 435 seats are contested, and the Senate, where approximately one-third of the seats are up for election. Farm...
Key Takeaways: Total U.S. crop acres (excluding hay) are forecast to expand fractionally this year due to greater oilseed crop and winter wheat plantings. One of the key drivers of this year’s crop outlook is input costs, and crops with a lower cost profile have an advantage in producers...
From WPI Consulting
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.