Indications from Capitol Hill suggest that the package could be released tomorrow, 15 December. House Speaker Paul Ryan says he remains committed to allowing members time to review the package, perhaps up to three days, which would require another short-term continuing resolution.There is still no final omnibus spending bill package at the time of this report. The hoped-for schedule was to finalize it this weekend, allow members two to three days to study it and then likely release the package today for a vote on Tuesday or Wednesday just before the midnight deadline on 16 December. As House Speaker Paul Ryan said last Friday, “Deadlines come and deadlines go. We want to get this right.”Ryan says he remains committed to allowing members tim...
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.