232 Confusion WTO dispute settlement rulings are arcane, highly legalistic, but sometimes contradictory to the layman’s eye. The latest case is a ruling against Turkiye for its retaliation against U.S. Section 232 tariffs against steel and aluminum imports from the Turks. A year ago, a panel ruled against the U.S. on the matter, stating there was no war or other emergency in international relations to justify the protection. China has four lists of goods, many agricultural, that confront retaliatory duties as retaliation for the American Section 232 duties. How does the ruling impact China, or for that matter the EU which has temporarily suspended retaliatory duties as the transatlantic partners seek a solution for global steel dumpi...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
Key Takeaways: On Friday afternoon, President Trump announced that Russia will “immediately supply over 300,000 Tons of Diesel Fuel” to the United States. The deal, typical of this administration, is light on details but promises an additional 500,000 tons in November and 1 m...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
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.