Climate Tightrope President Biden’s Leaders Summit on Climate kicks off late this week and his plan to commit to a 50 percent reduction (from 2005 levels) in U.S. greenhouse gas emissions by 2030 may be more rhetorical than inviolable. Like most such political commitments, the goal is to claim victory for the target with a progressive support base but force any painful impacts closer to the end date, long after a Biden/Harris presidency has concluded. The White House is promoting alternative energy but will tread lightly on policies that quickly drive up the cost of gasoline, electricity, or heat. Driving up the cost of these utilities is very regressive and would cause a working class political backlash in 2022 mid-term elections an...
What You Need to Know Today: President Trump claimed the ceasefire between the U.S. and Iran was over, as both sides accused one another of violating the terms of the agreement. Commercial vessels are increasingly steering clear of the Strait of Hormuz as security risks escalate following Iran...
Key Takeaways: The CME Group is launching new 90 percent Lean Beef and 50 percent Lean Beef futures and options contracts in July. There are five key factors that must be present in physical markets and futures contract specifications for futures contracts to become successful. The two l...
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.