Anti-WTO is Bipartisan Republican U.S. Senator Josh Hawley (R-Missouri) introduced a resolution last week to pull the U.S. out of the WTO and now two Democrats, Peter DeFazio (Oregon) and Frank Pallone Jr. (New Jersey) have introduced a similar measure in the House. The Hawley measure was deemed helpful to Donald Trump since it reinforces his effort to reform the WTO. DeFazio and Pallone have no intent to help the President but reflect strong misgivings by a small number of politicians as to the impact of the institution. They say the WTO has been a “disaster” for the U.S. due to lost jobs, large trade deficits and pillaging by China. The initiative is unlikely to succeed but it does indicate that adverse sentiment toward the g...
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.