Cultivated versus Uncouth The Italian Chamber of Deputies passed a law banning the sale of cultivated meat. The law will prevent the production and sale of food or feed "from cell cultures or tissues derived from vertebrate animals." Apparently, you can only eat animals in Italy. But they’ll treasure their tripe and serve a bowl of nothing but animal fat and call it “soupe.” They try to fancy it up with names like Pani ca Meusa – Palermo, but it is still just a veal lung and spleen sandwich. They can ban whatever they like, but it likely is illegal under the WTO. All or Nothing India and 80 other countries are angry at World Trade Organization Director-General Ngozi Okonjo-Iweala. She initially scheduled an inform...
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.
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...