No American Rats Dying Unsurprisingly, the European Food Safety Authority (EFSA) opined that the rat study carried out by anti-biotech researcher Gilles-Eric Seralini was of "insufficient scientific quality for safety assessment." EFSA said the study feeding biotech grain to rats had "unclear objectives" and suffered from having "many key details of the design, conduct and analysis being omitted. Moreover, there was "an insufficient number of animals to distinguish ... chance occurrences."Separately, Tim Worstall makes the point in Forbes that test labs in the U.S. make no distinction between biotech and non-biotech feed, and one can safely assume that most lab rats have been eating biotech feed for at least a decade. He concludes that a...
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.