The U.S. has notified the WTO that it will seek arbitration over its mandatory country-of-origin labeling (COOL) statute and the latest ruling against it. The entire process will take approximately 60 days and does allow some additional time for a legislative fix. COOL Retaliation Turns to Arbitration Canada and Mexico yesterday sought official permission from the WTO to impose retaliatory tariffs of $2.6 billion and over $700,000, respectively, under the ruling against the U.S. mandatory country-of-origin labeling (COOL) statute. However, yesterday's review of those requests took a turn as the U.S. notified the WTO that it would seek arbitration over the law. While the tariffs could have been approved immediately, they are now delay...
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.