Today's decree essentially found that the implementing rule does provide less favorable treatment for Canadian and Mexican livestock, but stopped short of finding that it does not serve the purpose of the underlying statute.The WTO today circulated the compliance report from a decision made in July on the U.S. actions regarding its mandatory country-of-origin labeling (COOL) law. This case began in November 2009, and this is the third time the WTO has judged against the U.S. over this matter. It first decided against USDA's original version in November 2011. That forced USDA to issue a new regulation, which Canada and Mexico also challenged. Today's decree essentially found that the implementing rule does provide less favorable treatment fo...
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.