Agriculture is being singled out for its deleterious impacts on the environment. The current popular target is deforestation, largely for its adverse impact on carbon sinking. Coincidentally, the problem threatens expanded agricultural production in countries like Malaysia and Brazil. Malaysia’s palm oil presents the strongest economic competition to oilseed producers around the world, and Brazil outcompetes in a range of products including soybeans, beef, pork, and poultry. There are many other adverse contributions to the environment by agriculture. In the soil nutrient category, excess nitrogen is the most harmful. One-third of global food production is made possible through its use. But it also contributes pollutants such a...
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.
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...