The Senate is moving forward on the bi-partisan infrastructure package; a cloture vote to limit debate and provide a timeline for a final vote and consider amendments was passed with all Democrats and 18 Republicans. A final vote will occur in the next 12 to 24 hours. That will move the bill to the House, but as we reported previously, House Speaker Nancy Pelosi (D-California) has said she does not intend for the bill to come before the House until the Senate passes a separate and final budget reconciliation. So, the infrastructure package will be put on ice for a while. The Senate will start to consider the FY 2022 budget resolution which has a sole purpose of teeing up the reconciliation bill for later this fall. The budget resolution wi...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
Key Takeaways: On Friday afternoon, President Trump announced that Russia will “immediately supply over 300,000 Tons of Diesel Fuel” to the United States. The deal, typical of this administration, is light on details but promises an additional 500,000 tons in November and 1 m...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
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.