Reducing greenhouse gas emission while concurrently growing economically is difficult, thus encouraging cheating or changing the rules. Elsewhere, green groups cannot claim their goals have been achieved without losing their own raison d’être. No Honor Amongst Thieves The Trump Administration was widely thought to be determined to withdraw from the Paris Agreement whichlimited greenhouse gas emissions. However, this week it was revealed that the U.S. could remain a signatory provided certain changes are made. Also revealed this week was some “cooking of the books” by EU members when it comes to carbon credits. Apparently, the scam was for capitals to exploit loopholes in the UN’s forestry rules whereby logging targets were incorrectly sta...
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...