New World Order Challenges posed to the West by both China and Russia has President Biden and geopolitical experts talking about a new world order. There has been a 180 degree turn from talking about the frustrations of democracies to looking at regime change in autocratic countries. Strategists see Russia being broken using Ukraine as the lever, and this week USTR Katherine Tai told Congress the approach to China is being drastically changed. Free trade advocates are even envisioning the new anti-autocrat politics in democracies potentially leading to increased economic integration within the West. IPR Reversal The Biden Administration originally said it supported waiving TRIPS on COVID vaccines but yesterday USTR Katherine Tai pl...
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.