RECPie for Nothing Philippines Trade Assistant Secretary Allan B. Gepty gave assurance that the Regional Comprehensive Economic Partnership (RCEP) and its 15 member economies does not impact agriculture very much. Manila only offered to reduce tariffs on the equivalent of 1.9 percent of the number of tariff lines involving agriculture. Let Them Eat Broccoli Jessica Fanzo of Johns Hopkins University writes in Bloomberg that the war in Ukraine reveals the need to diversify our food supply away from a few staple crops like wheat. She notes that subsidies are directed at just 0.003 percent of all plant species and just 0.21 percent of all the crops used by humans throughout history. She would instead redirect subsidies toward “fr...
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.