As officials currently in charge of the EU are increasingly looking for ways to devolve power to the member states, including over GMOs, Washington is considering ways to reign in divergent state and local policies on things like GMO labeling requirements. EPA Concedes in RFS In response to a federal lawsuit filed by the oil industry and others, U.S. EPA agreed to publish its proposed Renewable Fuel Standard (RFS) required blend rates for 2014 (two years late), 2015 (one year late) and voluntarily for 2016 by 1 June of this year. Following public comment, it expects the rates will be final by 1 November. This is only slightly earlier than the end-of-June prediction by WPI's Dave Juday and consistent with his forecast that all three years...
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.