Enough is Enough Special interest lobbies cannot show satisfaction lest they lose their raison d’etre. However, French Agriculture Minister Marc Fesneau reached his own point of dissatisfaction. Euope’s green lobby got everything they wanted in the new Common Agricultural Policy. Farmers will produce food using less land and fewer inputs. However, the devil is always in the details and the greens now sense that outcomes will be less robust than they had dreamed. France sent to Brussels its proposal for abiding by the law only to have the Commission demand changes. Paris then resubmitted and obtained approval for a more robust approach. The green lobby reacted by suing the Commission and accusing it of “breeching&rdq...
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...