Don't Get Fooled Again The corn market took a brief dive on a report that Mexico would ban imports of biotech corn, but it shouldn't have even blinked once. Mexico depends upon the U.S. for about one-third of its corn consumption. Proximity and freight costs make it the best bargain. Although Brazil became the world's largest exporter of corn last year as a result of the drought in the U.S., it is no alternative since, like the U.S., most of Brazil's corn production is biotech after jumping by 33 percent from 2011 to 2012. There is not a good market alternative and so a ban on imports would cause a spike in food costs in a country where over half the population is in poverty. A local judge has ruled against domestic planting of transge...
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...
Key Takeaways: With the fall calf run now upon us, producers are finally getting a glimpse of what their realized profits will be for 2026. Some producers may have already obtained a strong estimate of 2026 revenues, especially if calves were forward sold in, for example, the mid-summer...
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.