The funding bill included a directive for USDA and the U.S. Trade Representative (USTR) to report recommendations to Congress no later than 1 May 2015 that will assure country-of-origin labeling (COOL) requirements for meat products comply with U.S. trade obligations. Federal Government to Stay Open, Work on COOL and More Near the deadline today with federal funding set to expire at midnight, President Obama agreed to support the congressional $1 trillion spending bill that would fund most agencies through 30 September 2015. This will clear the way for its passage and avert a government shutdown.From a more narrow livestock interest, the funding bill included a directive for USDA and the U.S. Trade Representative (USTR) to report recommen...
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...
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.