Today's announcement met the EPA's committment under its proposed consent decree, which was intended to settle the lawsuit filed by two major petroleum trade associations regarding previously missed deadlines. However, the agency is now likely to face a lawsuit from the Biotechnology Industry Council (BIO).U.S. EPA today announced the proposed Required Volume Obligations (RVOs) under the Renewable Fuel Standard (RFS) for the years 2014, 2015 and 2016 along with the 2017 proposed volume for biodiesel. The 2014 proposed volumes were re-issued from the original proposal released in November 2013.The final volumes for 2014 were to be issued on 30 November 2013 and for 2015 on 30 November 2014. The two major petroleum trade associations, the Ame...
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.