Congress is back for a lame duck session which has one must pass agenda item – a full FY 2021 appropriations funding bill, and a high-profile item - a potential next round of COVID-19 relief. The end result could be a combination of the two. For the COVID relief bill, the House, under the leadership of Speaker Nancy Pelosi (D-California), is holding out for a bigger, broader bill. The Senate, under the leadership of Majority Leader Mitch McConnell (R-Kentucky) is holding out for a smaller, more targeted bill. Right now, McConnell has the advantage. The Democrat majority in the House will shrink when the new Congress convenes, and while the Senate majority will be determined by two Senate run-off elections in Georgia, the...
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...
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.