Trade War Phase II The EU and U.S. have a pathway for resolving trade differences, as wrought as it is with potential disappointment, and now the Chinese and Americans are meeting. Although the negotiations will be at a low level, and thus there are low expectations, talking is more reassuring than blustering. More important are the following political developments in countries involved in the trade disputes: U.S.: Support for Donald Trump from farmers, a key constituency, has dropped by a third, according to Farm Journal. The American economy is, however, strong. EU: Europeans hate the bullying from Trump, but they are mindful of the economic risks he has imposed at the same time the Community faces political risks in the east and the s...
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...