Environmentalists and some members of Congress are demanding that the government not approve Dow's Enlist Duo, genetically modified corn and soybeans that can resist the herbicides 2,4-D and glyphosate. Cereal Coercion One year ago, the NGO Oxfam issued an ultimatum to 10 large food companies to clean up their acts. General Mills and Kellogg's were fingered as the worst of the group, and Kellogg's has just responded by saying it will reduce greenhouse gas emissions 15 percent by 2020 plus get its farmer suppliers to use best management practices while transparently tracking their impact on the environment. Oxfam praised the cereal company for exceeding the goals set by its competitor, General Mills.General Mills has had at least an awkwar...
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.