Lacking Intellect The West has shown Russia how dependent it is on the capitalist financial system by imposing a wide range of sanctions. Russia is now striking back by saying it will not compensate “enemy countries” for any intellectual property it steals from them. The “enemies” list includes the EU, U.S., Japan and 14 other countries Moscow considers “unfriendly.” Russia says it will also repay debts in rubles only, which are fast evaporating in value. The Russian evil empire ranks number 45 on the 2021 Global Innovation Index, behind Vietnam, Thailand, and other smaller developing countries. Russia has also banned the import and export of certain unspecified goods and raw materials deemed esse...
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.