By early next week, EPA Administrator Scott Pruitt is expected to present President Trump’ with a list of options regarding biofuels policy and ways to reduce the costs of Renewable Identification Numbers (RINs). It is expected to include an outright cap on RIN prices as well as measures to reduce speculative trading of RINs along with other unknown proposals. The list would add another element of volatility to the Renewable Fuel Standard (RFS) and biofuels, sparking a very strong backlash from the biofuels sector if it does include a price cap. That industry opposes such a cap and all efforts to lower RIN prices other than by increasing the supply of biofuels. While the industry and its advocates in Congress have been occupied with...
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
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.