Biotech in the Face Activists are working hard to pass bills at the state level requiring the labeling of biotech foods but the federal government today celebrated them. Three biotechnology scientists were awarded the World Food Prize at the State Department with Secretary of State John Kerry celebrating their work. Meanwhile, the United Kingdom has gone from being a leader in the organic food movement to its Environment Minister announcing that "Europe risks being left behind" if it doesn't start adopting biotechnology in its agriculture. Oil on the Face Climate and political activist Tom Steyer has threatened President Obama with a political revolt if he approves the Keystone XL pipeline from Canada. Today Steyer said he did not beli...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.