Global Situation Tomorrow USDA will release its updated monthly trade data through October. A running tally of the value to date tells the story of the global trade situation and the global economy’s impact on the U.S. protein sector. In terms of volume, red meat exports started strong but have been trending down in the second half of the year due to tariffs and the strength of the U.S. dollar. However, they have been near last year’s trend lines for pork and up for beef. Meanwhile, poultry meat exports have held steady and started an uptick in the third quarter. The value of red meat exports has been pressured, though, especially for pork as that category is facing tariffs in the two key markets of China and Mexico. A strong...
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
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.