While Europe throws up barriers to GMOs, including imposing an approval process that takes twice as long on average as the U.S. regulatory path, Canada is moving in another direction. Easing GMOs While Europe throws up barriers to GMOs, including imposing an approval process that takes twice as long on average as the U.S. regulatory path, Canada is moving to ease trade in products. Until now, Ottawa has imposed a zero tolerance on any GMO presence that has not received prior approval by Health Canada. Recognizing the inescapability of an adventitious presence of a GMO, the government is set to allow a low level presence of up to 0.2 percent in imported products if the trait is already approved in another country. Unsurprising Doha WTO D...
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.