World Perspectives
livestock

Farm Bill Animal Disease Measures; McDonald’s and Beef; Meat Price Spreads

Farm Bill Animal Disease Measures The House of Representatives passed the final conference report on the 2018 Farm Bill yesterday (397-46), which followed the Senate’s passage on Tuesday (87-13). The primary provisions for livestock were the National Animal Disease Preparedness and Response Program, and the National Animal Health Vaccine Bank. Those new programs are intended to address the risk of animal disease “affecting the economic interests of the U.S. livestock and related industries, including the maintenance and expansion of export markets.” Funding is set at $120 million for fiscal years 2019-2022. A minimum $20 million of that is reserved for the disease preparedness and response program with the remaining $100...

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Summary of Futures

Mar 26 Corn closed at $4.445/bushel, up $0.04 from yesterday's close.  Mar 26 Wheat closed at $5.0775/bushel, up $0.015 from yesterday's close.  Jan 26 Soybeans closed at $10.5225/bushel, down $0.06 from yesterday's close.  Jan 26 Soymeal closed at $298.4/short ton, up $0.2 from...

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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.

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