Today was apparently the 25th anniversary of Africa Industrialization Day, but the Brookings Institute's John Page notes that while Asia advanced its own industrialization through a focus on exports, Africa's has been stuck at the same 10 percent level for decades Killing the Golden Goose A 40-page report by the U.S. Senate Permanent Subcommittee on Investigations criticizes the involvement of banks in physical commodity markets, claiming they bring unfair advantage while simultaneously exposing themselves to "catastrophic risks." Of course a person crossing the street is exposed to potential catastrophic risk, and CFTC Commissioner J. Christopher Giancarlo worries regulation will drive bank sales personnel overseas. Meanwhile, former Gol...
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.