In its letter to President Obama, the U.S. Biotech Crop Alliance cited serious challenges to trade because of an unpredictable framework for approvals of new biotechnology products.President Obama is scheduled to attend the 2014 Asia-Pacific Economic Cooperation (APEC) summit in China during November. There will be a number of military and foreign policy issues on the bilateral agenda between the U.S. and China and perhaps one ag issue: market access to China. A group of 13 agricultural organizations, calling itself the U.S. Biotech Crop Alliance, has sent a letter to President Obama urging him to make "market access for U.S. crops a top priority" among the "number of high level issues to address with the Chinese." The goal, according to th...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
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.