A recent National Restaurant Association survey of chefs shows protein demand is likely to grow and change toward more specialty items. Could the evolution of the craft and specialty beer market be a structural map for the future of the meat industry?To a large extent, food trends have come full circle. Consider that during the 1990s when low fat was the rage, evidence indicated per capita fat consumption had actually risen for much of that period as the sources of fat were merely switched. Consumers moved away from products like butter and cheese as they increased their consumption of salads, which were doused with oil-based dressing. As Marion Nestle, the reigning dean of the left-leaning food columnists put it, the American diet substitu...
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.
What You Need to Know Today: A third U.S. border crossing (Columbus, New Mexico) has reopened to Mexican cattle imports following nearly two years of restrictions related to New World screwworm. The reopening could gradually improve feeder cattle availability, although more than 60 confi...
Yesterday, the USDA’s Agricultural Marketing Service (AMS) released a new report of negotiated cash purchases of cattle under the mandatory price report. The report included Colorado, New Mexico, Oklahoma, Texas, and Kansas. The goal of the report was to solve the confidentiality issues e...
Key Takeaways: U.S. soybean crushing began in 1911 and saw its most rapid expansion during the 1930s amid the broader agricultural and technology revolutions of the time. After peaking in the early 2000s, the soybean crushing industry went through a downturn as poor crush margins forced...