No Mr. Nice Guy President Biden has kept many of his predecessor’s market access barriers but some of his supporters said that at least it is “polite protectionism” as a hyper-empathetic politician at least performed Trumpism with a human face. However, Joe Biden is now sounding like the old man next door yelling at the kids for being on his lawn. In what Bloomberg characterized as a “harsh and partly inaccurate” characterization of China, Mr. Biden warned that China’s economic problems were severe and that, “That’s not good because when bad folks have problems, they do bad things.” So much for politeness. Food System Lies Critics of the food system (Big Ag) argue that it...
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.