World Perspectives

Goose versus Gander; Selective Precaution; Overused Residue

Goose versus Gander Left-leaning activist groups lacked trust in the EU’s food safety regulations, and now the European Food Safety Authority has announced that all raw data submitted by industry will be made public. The viewpoint is that transparency will improve trust. By contrast, right-leaning activist groups in the U.S. lacked trust in Environmental Protection Agency regulations, and now Administrator Scott Pruitt has announced that the agency’s rules cannot rely on studies that do not publicly disclose their data. Opponents say that the transparency requirement will stifle needed regulation. One thing is clear, critics from either side of the political spectrum will continue to selectively use and interpret data to fit th...

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Summary of Futures

Dec 25 Corn closed at $4.37/bushel, up $0.035 from yesterday's close.  Sep 25 Wheat closed at $5.5675/bushel, down $0.0725 from yesterday's close.  Nov 25 Soybeans closed at $10.4925/bushel, up $0.0125 from yesterday's close.  Dec 25 Soymeal closed at $292.2/short ton, up $1.4 fr...

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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.

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