Historically, it has been the petroleum industry griping about ethanol, but now some supporters of advanced biofuels contend that the conventional part of the RFS inhibits their opportunities given the blend wall and infrastructure issues.The Renewable Fuel Standard (RFS) and its ethanol mandate are safe from any near-term undoing. However, like any special interest program, it confronts numerous critics. The mandate levels for this year and next are pending at the Office of Management and Budget, and they will assuredly be lower than those in the 2007 Energy Act. Historically, it has been the petroleum industry griping about ethanol, but now some supporters of advanced biofuels contend that the conventional part of the RFS inhibits their o...
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.