A CoBank report this week predicted a two-year erosion in meat prices due to a decline in exports stemming from a stronger U.S. dollar and increased U.S. production. Red Meat Exports Down The U.S. Meat Export Federation's (USMEF's) monthly export statistics show that red meat exports decreased during the first seven months of 2015 compared with the same period last year. Pork's total was 991,521 MT against 1,022,946 MT during January-July 2014. Beef exports were also down to 444,103 MT versus 492,856 MT last year, a drop of 10 percent. This trend was highlighted by a CoBank report this week that predicted a two-year erosion in meat prices due to a decline in exports stemming from a stronger U.S. dollar and increased U.S. production. Accor...
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...
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.