The president signed the omnibus spending bill today after a brief veto threat over the lack of a legislative provision for the Deferred Action on Childhood Arrivals (DACA) program and funding for his proposed border wall. The administration and congressional Democrats were trying to structure a deal to accommodate both, but neither fix was ultimately in the legislation. The bill was passed in the House yesterday (256-167) and in the Senate today (65-32) before it was sent to President Trump, who said he’d never sign another omnibus of that size. Congress, however, can’t seem to budget in any way other than a series of critical must-pass omnibus bills that are forced through on the brink (or after) a government shutdown. If Trum...
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.