President Trump receives harsh criticism for disrupting the international order and his UN speech is no different. His critics called it meandering, full of grievances and complaints but lacking answers. A more objective view is to question authority or else it will never change or improve. The world’s international institutions certainly need a shake-up. The WTO has been stuck in neutral for more than two decades. The recent fisheries agreement (Fish One) is a notable exception though it has loopholes, does not end all subsidies and will lapse in four years if there is no Fish Two agreement. The President’s attacks on the world’s inequities have had impacts. For example, countries have responded to U.S. tariffs by o...
Macro: Treasury Squeezes Yields, the Dollar Gives Way Today’s markets are offering a lesson in pressure: it rarely disappears — it simply moves. The U.S. Treasury stepped into the bond market after long-term yields surged to levels not seen in nearly two decades. By announcing plans...
Key Takeaways: With cattle supplies historically tight and packer margins deeply negative, beef processors are reducing excess slaughter capacity, with decisions over which plants to close driven by cattle availability, operating efficiency, and the ability to maintain high utilization rates...
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.