The respective chairs of the House and Senate Appropriations Committees, Representative Nita Lowey (D-New York) and Senator Richard Shelby (R-Alabama) have announced a deal to pass a continuing resolution (CR) that will extend government funding until 20 December. The current CR, passed prior to the start of FY 2020 which began 1 October, expires next Thursday, 21 November. So far, that is all that's been agreed to. The budget fight is still hung up over funding for a border wall, the issue that resulted in the government shut down last year. A difference this year is the ongoing impeachment process. While the leaders of both appropriations committees have made a point that they will work to avoid a government shutdown, it is worth...
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.