SOTU Tonight is President Biden’s third State of the Union (SOTU) address. It will be interesting to watch how far he goes on food inflation. In 2022, he said, “so many families are living paycheck to paycheck, struggling to keep up with the rising cost of food, gas, housing, and so much more ….” In 2023, he said, “Food inflation is coming down, not fast enough, but coming down.” He also laid much blame on the War in Ukraine. In the meantime, over the past couple of years the White House has tried to lay blame on “corporate greed” and meat and poultry sector concentration. This has led to the new livestock contraction rules issued (see WPI here). Of course, concentration in the packin...
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.