COVID Food Policies Duty Delays: G20 trade ministers are meeting today to discuss actions they can take to mitigate adverse economic harm being caused by the coronavirus pandemic. The Trump Administration has said it will accept applications for up to a three-month delay (or until the pandemic ends) in making tariff payments due by importers. Farm Labor: A major concern for farmers is finding sufficient migrant labor to help plant spring crops and harvest those grown in more temperate areas. The U.S. State Department will expedite H-2A applications by not requiring in-person interviews even for first time applicants. Trade Infrastructure: The Harbor Maintenance Trust Fund has had plenty of money it could not spend to im...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
Key Takeaways: Texas illustrates the assumptions underlying the 2025 FMMO reform; Idaho exposes their limitations. The Southwest order blend (roughly 27 percent Class I, 32 percent Class III and 31 percent Class IV) exposes Texas producers to every lever USDA adjusted, with a near-neutral proj...
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.