New SPS World Back in 1990, imports of wine from France and Italy were found to contain procymidone, a fungicide approved in Europe but not in the U.S. The response? The U.S. Environmental Protection Agency issued an immediate Section 18 emergency approval for time limited use of the product. It continued this practice each year until a permanent U.S. approval could be granted in 1994. Ah, the good old days. Now such taints are the immediate cause for import rejection. Brazil has just been told that any more orange juice arriving in the U.S. with residues of carbendazen, a fungicide approved in Brazil but not in America, will be returned to sender. Chinese Gamblers Critics of derivatives call futures exchanges "gambling pits." Casino m...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.