Supply Chain Situation; G7 Dreams; Job Killer Last week the Biden Administration issued partial results from analysis of critical supply chains under Presidential Policy Directive 21. The first tranche covered semiconductors, batteries, critical materials, and pharmaceuticals. The research now switches to six critical industrial base sectors, with one of them including agricultural commodities and food products. That report is not due until 24 February 2022. However, one of the recommendations in the first report was the creation of a Supply Chain Disruptions Task Force to focus on discontinuity between supply and demand. That task force would include the Secretary of Agriculture. G7 Dreams The G7 said it is seeking WTO reforms tha...
Key Takeaways: The CME Group is launching new 90 percent Lean Beef and 50 percent Lean Beef futures and options contracts in July. There are five key factors that must be present in physical markets and futures contract specifications for futures contracts to become successful. The two l...
What You Need to Know Today: The hot, dry weather forecast continues to drive strength in grain futures with corn and soybeans hitting another day of strong gains. Monday’s Crop Progress and Conditions data were in line with market expectations and showed relatively few concerns for the...
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.