There’s a lot of uncertainty surrounding biofuel regulatory policy currently, much of which has whipsawed RINs prices.There’s a lot of uncertainty surrounding biofuel regulatory policy currently, much of which has whipsawed the price of renewable identification numbers (RINs) – especially RINs for biomass based diesel. RINs, of course are the credits that are used to comply with biofuels regulations, particularly the volume mandate, so with the rules being up in the air, RINs trading also is filled with uncertainty, and probably will be through 30 November when the final 2018 (and 2019 in the case of biodiesel) volume mandates are established.Bull impact: The high point for biodiesel RINs prices was 23 August, one day after the Department o...
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.