This new checkoff would be authorized by the Commodity Promotion, Research, and Consumer Information Act of 1996, also known as the Generic Act, and the comment period will be open until 10 December 2014.As previously reported, USDA Secretary Tom Vilsack announced he would propose a new and second beef checkoff to exist alongside the current program. Yesterday USDA published a "Request for Comments on a New Beef Promotion Research and Information Order" in the Federal Register. The comment period will be open until 10 December 2014.This new checkoff would be authorized by the Commodity Promotion, Research, and Consumer Information Act of 1996, also known as the Generic Act. The beef checkoff was created under specific farm bill legislation...
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.