Two-Year RIN Cap and DDGS President Trump today voiced his support for a two-year cap on the price of Renewable Identification Numbers (RINs) during the second White House meeting this week regarding the Renewable Fuel Standard (RFS) and biofuels (see Ag Perspectives, 27 February). Today’s meeting was at the direct request of the president, who said on Tuesday he wanted to hear directly from biofuel producers what they thought about a number of proposals to lower the price of RINs. That issue had been put on the negotiating table in light of Senator Ted Cruz’s (R-Texas) efforts to pursue reforms after merchant refiner Philadelphia Energy Solutions filed for bankruptcy. As Gary Blumenthal has reported, those options inclu...
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
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.