The Republican-controlled Congress has been pursuing appropriations bills based on the sequester targets, which the White House has promised to veto. All of this points toward having an omnibus spending bill in September or a continuing resolution.The Appropriations Subcommittee on Agriculture of the Senate Appropriations Committee is scheduled to mark up its version of the FY2016 ag appropriations bill tomorrow. The House counterpart moved through the full House Appropriations Committee last week after it had passed through the subcommittee there. However, these spending blueprints may never see the light of day as the appropriations process has become bogged down in an effort to review the sequestration implemented by the 2011 Budget Cont...
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.