Congress has struck a deal on a funding bill to keep the government open through the end of FY 2017, and it also addresses many ag policy issues that WPI has reported on over the past two years.On 28 April, Congress agreed to a one-week continuing resolution (CR) as a stopgap measure to fund the government beyond that date’s midnight deadline. Congress will now have to pass the budget agreement hammered out over the weekend by midnight 5 May or go back to the drawing board. If passed, the compromise agreement would fund the government through the end of the fiscal year on 30 September 2017. A vote could come as early as Wednesday this week.Congress is using H.R. 244, the Honoring Investments in Recruiting and Employing American Military Vet...
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.