Public Health COVID-19 Cases and Deaths Slow, Lockdown in Beijing Widens In an effort to avoid the chaotic nature of the lockdown in Shanghai and other major cities across the country, Beijing authorities have taken a more deliberate approach. Through yesterday, the city of 22 million residents had completed the second of three proposed rounds of testing for new variants of the novel coronavirus in twelve out of a total sixteen districts. City officials have shut down more than 60 subway stations in addition to schools, restaurants, and other public gathering places. The most impacted districts to date include those like Chaoyang, which are home to many foreign embassies and company headquarters. Even with this more pragmatic appro...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.