India's Ministry of External Affairs has suggested that it could allow U.S. chicken legs free entry into India if the U.S. permits imports of Indian basmati rice and fruits and also enacts immigration reforms for the information technology sector under a bilateral investment treaty between the two countries. Sugar to Be a Bitter Pill Private sugar mills in the state of Uttar Pradesh have threatened to stop all crushing when the new sugar season starts on 1 October 2014. This is because business is not viable with the high price of sugar cane, which is not linked to the final sugar price. Additionally, they want the state government to stop all coercive action against the mills for not clearing past arrears due to farmers for their cane.In...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.