The Supreme Court will decide by early April whether it will hear a case challenging California’s Proposition 12 animal welfare law which prohibits the sale in California of certain poultry, pork, and veal products derived from animals not raised in accordance with new space requirements, or as the statute says, “in a cruel manner.” This includes products produced outside the state. While this passed by referendum in 2018, the California Department of Food and Agriculture (CDFA) didn’t release “draft” proposed rules until July 2020, and the final regulations are still not in place. The law is scheduled to take effect on 1 January 2022, short of the Supreme Court taking up the case and ruling agains...
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.