Transatlantic Merger Russia’s invasion of Ukraine said to have united NATO, but one U.S. diplomat says that transatlantic agricultural policy is also showing less animosity than in the past. Both the EU and U.S. believe in sustainability, food safety and food security. Their respective positions in Geneva are also not far apart. However, some in the U.S. farm community believe it is Farm to Fork that has strengthened transatlantic relations at the farmer level. They point to Dutch farmers protesting the Hague’s new restrictions on ammonia and nitrous oxide emissions, and its “honest message” that some farmers should leave the business. At the same time, German farm groups are also criticizing the new limits o...
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.