Yesterday the Republican and Democratic caucuses held their leadership votes for the upcoming 114th Congress, and the next step is to select chairmen and ranking members on the legislative committees.Yesterday the Republican and Democratic caucuses held their leadership votes for the upcoming 114th Congress with no changes in the top positions. Senator Mitch McConnell (R-Kentucky) will be the new Senate majority leader and Senator Harry Reid (D-Nevada) the new minority leader as they switch posts.The other members of the Republican majority leadership team in the Senate will also remain the same: John Cornyn (Texas), majority whip; John Thune (South Dakota), conference chairman; Roy Blunt (Missouri), conference vice-chairman; John Barrasso...
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...
What You Need to Know Today: Wholesale inflation was flat in July, with the Producer Price Index (PPI) unchanged versus expectations for a 0.2 percent increase. Core PPI rose 0.2 percent, also below expectations. The softer inflation data has reduced the odds of a September interest rate incre...
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.