Proponents hope to move a bill in the U.S. Congress that extends 52 tax credits that are under a philosophical attack by opponents who deem them to be corporate welfare. Single Food Safety Agency The Obama administration has proposed consolidating some of the 15 different federal agencies involved regulating food safety into a single entity, and legislation has also been introduced. Bloat and redundancy are well-known side effects of piecemeal legislating over time, but there is another side to this interpretation. More prevalent is a stove-piping of highly differentiated expertise. Moving meat safety inspectors from USDA to Health and Human Services does not eliminate the need for them.Moreover, a single umbrella agency does not guarante...
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.