Although President-elect Trump often railed against the Dodd-Frank legislation as a candidate and promised to do away with it, a full repeal is not likely even though Republicans control both houses of Congress. A more probable and realistic approach would be to alter or do away with some of its most onerous parts.During his unexpectedly successful election campaign, President-elect Donald Trump made a great number of grand promises regarding what he would accomplish if victorious. Among them were his promises to build a wall along the U.S.-Mexican border for which Mexico would pay the cost; repeal the Affordable Care Act (a.k.a. Obamacare) and replace it with a better plan; repeal the Dodd-Frank financial reform legislation and its onerous...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
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.