Bipolar World Returns Russia and China have been presenting a united front to the West, but the West has not been reciprocating, until now. President Biden is far more skeptical of Russia than was President Trump and Moscow’s strong defense of Belarus has united both Washington and Brussels in opposition. Now the EU is pushing back against China’s human rights abuses, halting ratification of a bilateral investment treaty, and the U.S. is seeking a new investigation into the source of the Coronavirus. However, the most blatant challenge to Beijing was this week’s joint Japan - EU statement that “We underscore the importance of peace and stability across the Taiwan Strait, and encourage the peaceful resolution of cros...
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.