Policy Compounding Compounding Feed compounders typically use computer software to find the optimal mix of ingredients (up to 900 different options) based on nutrition and price to maximize utility and value. In Europe, the complexity of the chore is compounded by policies on GMO’s. As explained to Jonathon Kingsman by Michael Duspiwa with Austria’s second largest feed compounder, Fixkraft: There are different legal requirements depending on the type of animal feed. For example, you can use GM soybeans for pigs but not poultry. Most of our feed goes to poultry, where we cannot use GMOs. For cattle, on the other hand, we are restricted to European-origin meals. I can buy Brazilian non-GM feed for poultry but must purchase Europ...
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.