The British famously coined the phrase “Keep Calm and Carry On” in WWII and are renown for displaying fortitude and stoicism in the face of adversity, but they are fooling themselves in concurrent triangle of Brexit negotiations with Brussels and trade negotiations with Washington. The two elephants are fighting with one another and for each, pairing up with the UK is small beer in their larger game. Today, UK Prime Minister Boris Johnson held a videoconference with EU officials at the same time U.S. trade negotiators talked to their British counterparts. Brussels is keen to kick Brexit down the road, waiting until Donald Trump is hopefully booted in November and the British people get worn down by fear of becoming an eco...
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.