Standard-Less Identity The U.S. Food & Drug Administration issued a new strategic roadmap that indicates it will revisit the standards of identity for various food products. This could involve tough decisions about whether plant-based drinks can be called milk as well as the issue of clean meat. The agency says that it wants to reduce barriers to healthier products while ensuring consumers receive accurate information. The problem is not just a lack of nutritional consistency between similarly-named products, but also the adverse impacts of misinformation. According to a survey by New Nutrition Business, an industry advisory firm, consumers in Europe, the U.S. and Australia are increasingly confused by the conflicting information being...
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.
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...