The War and Food Policy In a return to the Iraq’s war’s admonishment that you are either with us or against us, U.S. President Joe Biden travels to Brussels late this week with the supposed goal of driving a wedge between China’s Xi Jinping and Russian President Vladimir Putin. Some say the same pressure should be applied to India, a democracy that should know better than to enable an autocrat like Putin. Still another view is that Europe needs to remove the wedge it imposes on transatlantic food trade. Brussels bristled when former president Donald Trump-imposed tariffs on European steel for “national security” reasons but thinks nothing of diluting U.S. agricultural export potential by declaring the need for...
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.