The FDA has concluded that meat from clones and clone progeny is as safe as that from conventionally-bred animals. Now there is news from China indicating that the country will both allow and promote cloned cattle in order to expand its beef supply. Cloned Beef in China On 19 November, we reported the U.S. Food and Drug Administration (FDA) had earlier that day approved a genetically engineered salmon, the first such authorization ever for a GM animal. We also noted that despite a voluntary moratorium on cloned animals and their progeny entering the food chain, cloned cattle in the U.S. had almost certainly slipped through the system over the years and into the beef supply. The FDA has concluded that meat from clones and clone progeny is...
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.