Procedural Action on Mexico: The Biden Administration has formally requested technical consultations with Mexico under the USMCA to discuss the proposed GMO corn ban. The consultations are a technical requirement before a formal dispute settlement can be filed. Given Mexico City’s prior foot dragging and political commitment to banning GMO food corn imports, the discussions are likely to be mere formality before a case is filed. Civil War II: The war amongst the states started with California requiring that pork from other states be from pigs raised according to standards established by politicians in Sacramento. Depending on how the Supreme Court rules on the challenge, it could unleash even more disruptions to interstat...
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...
The U.S.-Mexico-Canada Agreement (USMCA) enters its mandated six-year review on 1 July. The original intent of the review is outlined in Article 34.7, which obligates members to: Provide recommendations and decide on appropriate actions. Extend the USMCA for another 16 years and meet aga...
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.