As WPI reported on 13 May, both the House and Senate agriculture committees released broad outlines of their respective farm bill drafts. The House Committee then tabled a full draft and passed a farm bill, the provisions of which were reported here. In the Senate, Chairwoman Debbie Stabenow (D-Michigan) has expressed her concerns that the House legislation includes too big of an increase in commodity payments, is too skewed toward large farmers, is skewed toward the south (cotton and soybeans), and does not have enough in crop insurance. She also stated, the day that the House Committee was marking up the farm bill, that action in the Senate can start when the Republican Senate minority release their priorities, “I need...
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.