World Perspectives

Anti-Antitrust; Indecision

Anti-Antitrust After two juries failed to reach a verdict and a federal judge questioned further pursuit of the charge of price fixing, the U.S. Department of Justice nonetheless filed a third case against five poultry industry executives only to have a jury definitively acquit the industry leaders. Now food distribution behemoth Sysco (market share 42.69 percent) is claiming that the four largest meat packers colluded to fix beef prices. The Department of Justice has spent the past two years investigating the charge but has not yet issued any official report. Meanwhile, the Farm Action group and the Open Markets Institute issued a report that gave USDA’s efforts at promoting competition within agriculture a letter grade of D+. The p...

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FOB Prices and Freight Rates App (Updated 4 March)

WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “How To”...

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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.

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