Near the end of every year, we are bombarded with a wide variety of summaries and analyses explaining what occurred that was important, why it was important and what makes that particular year so unique. More specifically, for those involved with agriculture and related areas of interest, each year is unique and important in its own way. As time passes, however, things that made each year seem so unique tend to become blurred enough that it blends together with preceding years to become history. Our fearless prediction is that the impact of those things that make 2018 memorable as it winds down will persist into 2019 and beyond in ways that will make this year continue to stand out into the foreseeable future. Much of that is related to th...
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.