Regional News Generally favorable weather conditions persist across Europe with average precipitation for most of the continent. Last week’s temperatures were below average for eastern portions of Romania and Bulgaria, as well as western Ukraine but snow cover is rumored to be sufficient to avoid serious winterkill risks. The coming week features above-average temperatures for southern and central Europe and the Black Sea region, though precipitation will be below average for southern Romania, Bulgaria, and southern Russia. The latest satellite imagery from USDA shows winter crops in average or better condition through mid-January. The European Commission noted last week that frost tolerance for winter grains has increas...
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.