World Perspectives

Pet Food Bonanza

U.S. dog and cat food exports have risen 3500 percent over the past five years, one of the fastest growing categories of trade. It is on a path to rise over 200 percent in 2023. There are a few different reasons for this explosive growth. The first is that the U.S. has the highest per capita rate of pet ownership. Couple that with being one of the highest income countries and people are willing to spend more on pets. Around 36.8 percent of their expenditures on dogs is for food and that number rises to 47.8 percent for cats. At the same time, pet ownership is rising in other countries where a domestic pet food industry has been slower to develop. One can also credit U.S. pet food manufacturers. Using knowledge gleaned from human food scien...

WPI on Twitter

WPI POLL

USDA 31 March Prospective Plantings surprise will be?

Related Articles
feed-grains soy-oilseeds wheat

Market Commentary: Calm Before the Reports

All the major contracts opened in the green but by the close only soymeal, HRW, and the livestock complex remained that way. Profit-taking was one aspect but most noticeable was lower volume for most of the markets, and a narrow trading range for many. It appeared that everything was positioned...

feed-grains soy-oilseeds wheat

Summary of Futures

May 23 Corn closed at $6.495/bushel, down $0.01 from yesterday's close.  May 23 Wheat closed at $6.9225/bushel, down $0.125 from yesterday's close.  May 23 Soybeans closed at $14.745/bushel, down $0.0275 from yesterday's close.  May 23 Soymeal closed at $459.9/short ton, up $1.7...

AI and Agriculture; Worker Centric Trade Policy is Dead

AI and Agriculture AI is the rage with some warning it will lead to human extinction, and others comparing its transformative impacts to the internet and smart phones. Those technologies have had their share of ethical concerns but the genie is now out of the bottle and short of government regu...

feed-grains soy-oilseeds wheat

Market Commentary: Calm Before the Reports

All the major contracts opened in the green but by the close only soymeal, HRW, and the livestock complex remained that way. Profit-taking was one aspect but most noticeable was lower volume for most of the markets, and a narrow trading range for many. It appeared that everything was positioned...

feed-grains soy-oilseeds wheat

Summary of Futures

May 23 Corn closed at $6.495/bushel, down $0.01 from yesterday's close.  May 23 Wheat closed at $6.9225/bushel, down $0.125 from yesterday's close.  May 23 Soybeans closed at $14.745/bushel, down $0.0275 from yesterday's close.  May 23 Soymeal closed at $459.9/short ton, up $1.7...

AI and Agriculture; Worker Centric Trade Policy is Dead

AI and Agriculture AI is the rage with some warning it will lead to human extinction, and others comparing its transformative impacts to the internet and smart phones. Those technologies have had their share of ethical concerns but the genie is now out of the bottle and short of government regu...

livestock

Hogs and Pigs Report: Status Quo Numbers

USDA released its first quarterly Hogs and Pigs report for the year today. At 72.86 million head, the total inventory as of 1 March was slightly above last year’s 72.69 million head.  The report was generally in line with pre-report expectations, except there were a few more market...

Image
From WPI Consulting

Weighing in on strategic realignment

WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.

Search World Perspectives

Sign In to World Perspectives

Don’t have an account yet? Sign Up