Commodity prices are down, the stock market is volatile, and global economic news is worrisome. Nonetheless, it looks like the U.S. economy is about to grow. That is the conclusion from looking at some underlying trends in the economy, namely the velocity of money.Commodity prices are down, the stock market is volatile, and global economic news is worrisome. Nonetheless, it looks like the U.S. economy is about to grow. That is the conclusion from looking at some underlying trends in the economy, namely the velocity of money. Monetary velocity is the rate at which money circulates through the economy, and it has been low for some time. The Fed has been paying banks interest on their reserves since 2008 as part of its accommodative policies...
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...
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.