Yesterday, we noted that Congress must pass an omnibus appropriations bill by Friday to keep the government open, and that the Senate was in the driver’s seat on coming to an agreement between Democrat and Republican lawmakers. An outline agreement has been reached; the Senate is scheduled to vote on Thursday and then send the package to the House. In terms of agriculture appropriations, the bill provides $25.48 billion – an increase of 1.4 percent over the fiscal year 2022 baseline. It’s also $2.1 billion lower than the Administration’s request – a decrease of more than 8 percent. A quick review of the bill includes $3.7 billion in agriculture disaster aid, and a new carbon certification program, the Growing...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
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.