There were plenty of critics of the food system before the pandemic and the disruptions it caused prompted even more over-the-top accusations of total failure. The harshest critics have been those that have long focused on hunger. Never mind that hunger is caused by poverty not the food system, and poverty is the result of power and institutional failures, plus behavioral and structural limitations. The same critics who think it is easy to deliver to the world every single day of the year, 20 trillion calories of safe, healthy, nutritious, and affordable food have themselves long failed at fixing poverty. Just looking at the U.S., the pandemic introduced an initial shock whereby food service sales plummeted by nearly 50 percent while...
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...