At a farm bill event in Indiana featuring that state’s two U.S. Republican Senators, Mike Braun, who is a member of the Senate Ag Committee, and Todd Young, the Committee’s Ranking Republican member, Committee Ranking Member John Boozman (R-Arkansas) gave an update on the legislation’s progress. First, pen is being put to paper to get the actual text of the legislation started; according to Boozman, the committee is “trying to get this done by October 1st.” That, of course, is when the 2018 farm bill expires, which means must be a temporary extension of the current bill. Recall that the last bill was not completed until December 2018, also after the fiscal year and 2014 Farm Bill had expired on 1 O...
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.