Neonicotinoid Insecticide Ban May End Rapeseed Crops in the EU The EU restricted the use of three neonicotinoid insecticides on flowering plants beginning in 2013 because of a belief they were responsible for the decline in bee populations. It then banned the use of all such insecticides on all fields for the same reason despite no scientific consensus that they are causing the problem. The crop most impacted by all this has been rapeseed, a major source of food for bees and other pollinators. Neonicotinoid insecticides were the most effective method to control the cabbage stem flea beetles (CSFBs) that sharply reduce rapeseed yields. Farmers have in the past used pyrethroid insecticides to control them, but the insects have largely evolv...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Consumer spending is a key driver of the U.S. economy, and the latest retail sales data indicate that spending remains robust despite inflation. In September, total retail and food service sales rose more than 6 percent year-over-year, with food service spending up 7 percent and...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
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.