Inflation is Good The news yesterday about the surprising rise in U.S. inflation spooked markets and has President Biden’s team scrambling to avoid political blame for the problem. The problem is average consumers see the price of food, fuel and housing eating up their income at a faster rate and leaving them broke. But some on the political left worry that the situation will not just spook markets and consumers but the U.S. Congress as well, threatening passage of their long-sought trillions of dollars more for social and environmental policies. Jon Schwarz of the politically left newsletter called The Intercept tried this unlikely to work spin on the situation: “inflation is often good for most of us” - it is just the l...
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.