Yesterday the House Agriculture Committee approved a bill to repeal COOL, which will now move to the House floor where it is expected to pass. However, the issue's fate is less clear in the Senate. COOL: Reform or Repeal As we have covered over the past week, the WTO has issued a report finding the U.S. country-of-origin labeling (COOL) law for red meat and poultry in violation of its rules. That report becomes a ruling in 60 days if it is not appealed or a consensus agreement is not met. Yesterday the House Agriculture Committee approved a bill to repeal COOL by a vote of 38-6. It has 68 co-sponsors and will now move to the House floor where it is expected to pass, according to sources on Capitol Hill.The issue's fate is less clear in th...
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
Forecasting developments in production agriculture
On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.