The World Health Organization is lamenting the fact that many governments have failed to employ marketing restrictions against foods deemed to contribute to obesity. However, the agency’s position actually reveals that it doesn’t understand what it is like to be subject to democracy. Taxing Food Security Adverse weather has severely reduced the availability of pinto beans in Brazil, a very important staple in the diet. The government has issued a three-month reprieve on their import duty, but this only serves to highlight how the country’s stiff border measures hinder food security. The duty is just one component impacting imports, and all of the taxes collectively can double the cost of the product at the border. In addition to an import...
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.