Congressional Hearing Winners and Losers A House Energy and Commerce subcommittee is the scene this week for what is being called a slugfest amongst all the disparate parties involved in U.S. biofuel policy. The record promises to be filled with contradictory information intended to sway whether the policy is continued or altered. What would make the two days of testimony more beneficial, and certainly more entertaining, is if the members of Congress listening to industry representatives and their opponents were able to pointedly challenge the veracity of each of the witnesses. It would not be a difficult task given the overblown rhetoric on both sides of this issue, but it is not generally the qualitative result of most Congressional...
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.