The House of Representatives passed the mandatory livestock price reporting reauthorization this week. The Senate had already approved the bill, which contains two key reforms related to swine. Price Reporting Bill on President’s Desk The House of Representatives passed the mandatory livestock price reporting reauthorization on 28 September. As previously reported, the Senate had already approved the bill, which is now headed to the president’s desk for his signature. It contains two key reforms for swine price reporting. First, the new legislation directs USDA to add a “Negotiated-Formula” price category in order to better reflect the total number of hogs negotiated each day, regardless of how buyers and sellers arrive at the price. This...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
Key Takeaways: With the fall calf run now upon us, producers are finally getting a glimpse of what their realized profits will be for 2026. Some producers may have already obtained a strong estimate of 2026 revenues, especially if calves were forward sold in, for example, the mid-summer...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
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.