IPEF Lacks Leverage The U.S. will table actual text on some key issues at the soon to start next meeting of the Indo-Pacific Economic Framework (IPEF) countries in Australia. Agriculture will be one of the areas covered but some in the U.S. industry are skeptical that there will be much tangible benefit to American farmers. The IPEF is chided for using the word “economic” but mostly being about issues without a tangible economic benefit to sectors like agriculture. Critics say that without the U.S. offering tariff concessions, other countries have little that they are willing to concede to American exporters. Climate Import Barriers A study by the EU’s Joint Research Centre envisions livestock population den...
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.
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...