California's infamous egg-layer referendum of 2008 comes home to roost on New Year's Day as all eggs sold in the state must comply with the associated regulations beginning that day.California's infamous egg-layer referendum of 2008 comes home to roost on New Year's Day as all eggs sold in the state must comply with the associated regulations beginning that day. Specifically, the measure provides that all eggs produced in California, the fifth-largest egg producing state, must adhere to the new rules on battery cages. A subsequent state law expanded that requirement to include all eggs sold within California even if produced outside of its borders. The state is currently the largest egg-consumer of all 50 in the nation.Six states filed a la...
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.