News Updates EGYPT COMMENTS The European Union last week announced that it could provide Egypt with $6.5 billion in loans, grants and credit lines. As expected, that amount is fully tied to the approval of the IMF's loan and can only be made once the IMF details are agreed and finalized. The EU also stated that talks on an EU-Egypt free trade agreement will move ahead quickly. The EU is Egypt's largest trade partner. Additionally, the government of Qatar will be investing up to $2.5 billion in Egyptian government bonds. There was no statement on the tenor of the bonds in which Qatar will invest.Experts have been saying that the recent devaluation of the Egyptian pound will do more harm than good for the country. Much of this is due to the...
What You Need to Know Today: Cattle futures extended their sharp selloff Friday as weakening cash cattle prices, deteriorating feedlot profitability, and reduced packer demand continued to weigh on the market. The inability of futures to sustain a rally following last week's bullish Cattle on...
As predicted, the Federal Reserve held rates steady at the last meeting before the midterm elections, likely in part because of the election (see WPI 19 October and 22 September). The decision comes at the tail end of a midterm election cycle that has been marked by the two parties campaigning...
Key Takeaways: WPI’s new EU rapeseed crushing margin models point to weaker processing returns over the next four months due to higher rapeseed procurement costs and weaker product values. Statistical forecasts call for German crushing margins to decline from €181/MT to €...
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.