Uglier with a Smile President-Elect Joe Biden says he wants to normalize U.S. diplomacy following his predecessor’s bull in the china closet approach but there will still be an ugly side to it. The next chief executive already says he will not immediately remove Mr. Trump’s punitive tariffs against China. Even harsher ideas came out this week from the U.S. – China Economic and Security Review Commission. That body emphasized retaining the tariffs until some other forms of leverage can be found and recommended adding a slew of other provocative policies. Most controversial would involve sending a PAS (presidentially appointed, Senate confirmed) official to Taiwan. The Commission includes Michael Wessell, a labor expert als...
What You Need to Know Today: President Trump claimed the ceasefire between the U.S. and Iran was over, as both sides accused one another of violating the terms of the agreement. Commercial vessels are increasingly steering clear of the Strait of Hormuz as security risks escalate following Iran...
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...
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.