While the repeal of COOL is expected to pass the House handily, the Senate scenario is not so bullish for the statute's opponents as there is still a strong faction of support there, and those senators are instead seeking reforms.As we reported last week, the House Agriculture Committee passed a bill to repeal mandatory country-of-origin labeling (COOL) by a vote of 38-6. The bill, which has 68 co-sponsors, was sparked by the WTO's 18 May decision against the U.S. statute, its fourth such ruling. Specifically, the WTO found the provisions on muscle cuts to be in violation of its rules, but the repeal would also apply to ground meat and all labeling requirements for beef, pork and chicken. However, it would not pertain to COOL requirements t...
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.