Global lumber demand is expanding at the same time wildfires and pests are destroying some forests and around the world countries are under pressure to preserve trees and implement afforestation practices. Carbon sinking efforts have prompted capital to prevent the felling of trees to provide offsets to emissions by other sectors of the economy. Chicago lumber futures are at three times their level of just a year ago. There are alternatives to lumber but not without limits. The CO2 emitted in cement production is almost kilogram for kilogram the weight of the final product, and for steel the emissions are pound for pound nearly double the final product weight. The use of bamboo is expanding, and research is expanding the use of waste plast...
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.
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...