Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA COMMENTS Egypt’s Cairo Poultry has reported a 20.7 percent drop in profits for 2019. Total sales of Cairo Poultry also dropped by about 3.8 percent. The Grand Renaissance Dam on the Nile in Ethiopia is a major source of disagreement between Egypt, Sudan and Ethiopia. Ethiopia refused to attend a late February meeting in Washington to discuss the situation and attempt to reach a final agreement. Egypt and Sudan are very concerned the dam on the Blue Nile will affect 85 percent of the water supply to the Nile, and Egypt depends on the Nile River for 90 percent of its water supply. Egypt’s crops and population are totally dependent on the Nile. The U.S. is acting as a...
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 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.