Food Assistance Inconsistencies Domestic food assistance programs and their funding levels are a key topic for the 2024 farm bill. Angela Rachidi at the American Enterprise Institute points out that the Biden Administration has proposed better aligning the school lunch program’s food offerings with the latest nutritional guidance. The Women, Infants and Children food assistance program already has specified foods that can be obtained under the program. However, there is no such alignment with the SNAP domestic food assistance program despite it being five times as large as the school lunch program. Recipients can purchase any food product except alcohol. Advocates for the poor say they should have the same food choices and other Amer...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
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.