The 2014/15 year of big crops will stand out all the more since it follows several years during which weather-related crop production problems in the U.S. and/or other important production regions limited available supplies, while at the same time world demand was rapidly expanding.We wonder how many times we have used the word record in our commentaries about things related to agriculture during the last three months. We do not propose to go back and count, but it seems as though we are always saying that something or other has or will set a new record of some kind and have almost turned it into an overused cliché. Records are made to be broken as the old saying goes. It appears that 2014/15 may set a record for the number of new agricultu...
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.