Democrats’ Agriculture Agenda With the Democratic wins in Georgia, Michigan Senator Debbie Stabenow is poised to retake control of the upper body’s Agriculture Committee. She says her “top priority” is to establish an agricultural carbon market. However, she says it will be a voluntary climate exchange and top Republican John Boozman of Arkansas says his main concern with the plan will be that it not solely be to the benefit of credit traders. The measure is likely to be part of a larger environmental legislative package by the Biden Administration, though it could have implications for the 2023 Farm Bill debate. Stabenow says she also wants to give greater legal protections to farm workers, and to certain for...
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.