Mexico’s Non-GMO Gambit Mexican Deputy Agriculture Minister Victor Suarez told Reuters that his country will halve its import of U.S. of yellow corn by the 2024 GMO ban via increased domestic production. He said that negotiations will begin for U.S. farmers to provide non-GMO corn. To achieve that level of a scale of production increase in Mexico would take a miracle. Negotiating in advance with U.S. farmers to provide non-GMO corn will at least avoid falling off the cliff, which would cost Mexico more than $1 billion in year one, but even a negotiated slope of increased non-GM production will not come cheaply. According to USDA’s National Weekly Non-GMO/GE Grain Report, non-GMO #2 feed-grade yellow corn averaged a price of $7...
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
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.