It is well known that agriculture is concurrently a contributor to global greenhouse gas emissions, and a potential sink for carbon and contributor to reduced emissions. Mitigation practices run the gamut from soil management to pasture and animal systems, land-use changes and energy use and manufacture. The challenge has been the complexity of: 1) transparency (privacy), 2) repeatability, and 3) verification. The various reduction methods must be gelled into a system with measurement and reporting that is workable on the farm. There are about 35 structural models for an agricultural carbon market, but only about 10 have generated any actual offsets. U.S. Representative Ro Khanna (D-California) and U.S. Senator Cory Booker (D-New Jer...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
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.