Food manufacturers are asking the U.S. Food and Drug Administration (FDA) to develop a national rule on biotech food labeling. There are ample legal mechanisms short of new legislation. Fish Regulatory Drowning Currently, just 20 percent of Americans meet the American Heart Association's recommendation of consuming fish three days per week. Meanwhile, the U.S. imports 91 percent of the seafood that it consumes. Domestic aquaculture producers conceded that they would benefit from making their own improvements but contrasted the rules and hurdles they face in the U.S. versus aquaculture production abroad. They claim there were a total of 30 different government staff members, practically outnumbering industry representatives, at a meeting o...
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.