India's parliamentary committee on ethanol blending is not happy about the Ethanol Blending Program (EBP) and its current status. It wants a plan within the next 30 days on how the mandate can be fulfilled. Abnormal Weather Impacts Wheat and Pulses Crops Unusual weather in northwest India that started in Rajasthan has damaged wheat and pulses crops in parts of Punjab and Haryana as well as western Uttar Pradesh. The Indian Meteorological Department (IMD) is predicting thunderstorms will move east over the weekend with possible showers in eastern Uttar Pradesh, Bihar and West Bengal, all of which have wheat, corn and pulses crops ready for harvest. While the corn harvest will be delayed by any rainfall, wheat could be harmed extensively if...
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.