The Administration has proposed a new rule, Fair and Competitive Livestock and Poultry Markets, designed to clarify unfair practices under the Packers and Stockyards Act (PSA). This is the fourth in a suite of livestock marketing rules promised in 2021 via President Biden’s Executive Order on “promoting competition in the economy.” Effectively it is also a redux of the Obama Administration’s rules – then known as the “GIPSA rule” called for in the 2008 farm bill but blocked by Congressionally passed appropriations bills (FYs 2012 through 2015). Note that Secretary Vilsack also headed USDA during the promulgation of that rule. As WPI reported on 14 June, USDA proposed the Poultry Grower Paymen...
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.