Pigs Better than People House Agriculture Committee Chairman Glenn “GT” Thompson (R-Pennsylvania) says he will take the proverbial bull by the horns in the Prop 12 versus EATS animal welfare debate. The Supreme Court allowed California’s Prop 12 to prevail because there was no federal statute with which it conflicted. The Animal Welfare Act requires minimum standards for commercial animals, but it is far less robust than food safety, for example, bred for commercial sale; used in research, teaching, or testing; transported commercially; or exhibited to the public. States are quickly enacting provisions that will explode case law. For example, Delaware just enacted a definition of "abuse" to mean animal cruelty that...
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...