Congress is back in session after the 4th of July Independence Day holiday break. But there are only 12 days on the legislative calendar for the month; there will be a break next week for the Republican nominating convention, and then Congress adjourns for the August recess on 2 August. Legislators will be back for September but adjourn again in early October before the November elections. This doesn’t bode well for completing any legislation, including the farm bill. Note that on 30 September, the current farm bill extension expires, as does the current government funding. Currently no appropriations for FY 2025 (which starts on 1 October) have been approved by Congress. The House has passed 4 of 12 appropriations bills,...
August 2026 milk production, the four-class pricing system, and the 2025 Federal Milk Marketing Order reforms Key Takeaways: U.S. milk production is growing because the herd is larger, not because cows are producing more milk. August output increased 1.7 percent, even as production per cow dec...
Markets are getting a quarter-end reality check as September comes to a close. Growth, inflation and interest rates remain central to the macro outlook, while tight diesel supplies keep pressure on the cost of moving goods. States are stepping in with relief, but policy changes alone cannot reb...
Key Takeaways: 1 September corn stocks totaled 2.095 billion bushels, 171 million above expectations and 544 million above last year, providing additional cushion for the 2026/27 balance sheet and potentially adding near-term pressure to prices. June-August corn disappearance increased just 10...
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.