India and the U.S. have continued to build their relationship, but the issue is the trade deficit that favors the former. The U.S. could impose restrictions on Indian products to bridge the gap, but there is an alternative policy that India could implement. Pulses Exports Allowed After an 11-Year Ban Having placed a curb on the import of pulses that is likely to help support prices, the government of India (GOI) is now allowing their export. However, this applies to only a few varieties, including pigeon pea, moong bean and black lentil. The export ban was implemented in 2006 and has remained as the pulses prices in India fell below the Minimum Support Prices (MSPs). Although the overall pulses area in the 2017/18 khariff season is down 3...
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.