One lawmaker’s concerns over chicken imports may be a hurdle for U.S. beef access to China. Meanwhile, its growth in exports shows cheese is a new trend in global protein trade. Chinese Chicken as Hurdle for U.S. Beef Access to China Representative Rosa DeLauro (D-Connecticut) has a long history of pursuing stricter food safety regulations. She has been an advocate of the Food Safety Modernization Act (FSMA) and country-of-origin labeling as well as a vocal critic of sub-therapeutic antibiotics use in livestock, the Food Safety Inspection Service (FSIS) and the Animal and Plant Health Inspection Service (APHIS) along with a host of other livestock and poultry production practices. DeLauro is well placed on the agriculture subcommittee of...
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.