All the candidates agree that the fixed exchange rate must change eventually. Likewise, there is at least implicit recognition that the strongest sector of the economy is commodity exports and that the export tax is impeding domestic growth.Sunday, 25 October is Election Day in Argentina. Following the Canadian election on 19 October, this is the second time within one week that national balloting is occurring in a key Western Hemisphere agricultural-exporting country. Current President Cristina Fernandez de Kirchner is constitutionally-limited from seeking another term. Running to replace her are six candidates, and whoever is successful will inherit an economy in trouble. Current inflation is running about 25 percent, the peso is overvalu...
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.