World Perspectives
livestock

Export Update; WASDE and Trade

First Half 2018 Exports Up; Second Half TBD June export numbers show pork shipments down for the month but up for the first half of the year. There were many pre-tariff shipments with exports setting a new record in April before dropping off in May and June. On 2 April, China increased its tariffs on U.S. pork and variety meats. It is by far the largest customer for the latter, which bring value back to the carcass. The tariffs then rose again on 6 July with the total duty on pork exports to China now at 62 percent. Moreover, domestic production in that country has increased, reducing U.S. market share. A new 10 percent tariff hit U.S. pork shipments to Mexico on 5 June, which dampened exports by 7 percent for that month versus June 2017...

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Mar 19 Corn closed at $3.8175/bushel, up $0.0175 from yesterday's close.  Mar 19 Wheat closed at $5.1775/bushel, up $0 from yesterday's close.  Mar 19 Soybeans closed at $9.1675/bushel, up $0.09 from yesterday's close.  Mar 19 Soymeal closed at $315.1/short ton, up $2.9 from yest...

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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.

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