The ongoing talks over Brexit and the U.S.-UK trade talks can be described as a giant game of chicken, metaphorically and literally. Indeed, in the literal sense, one of the biggest issues between the U.S. and the UK is the American practice of washing chicken with chlorinated water. And when it comes to Brexit, there is a negotiating conflict with both sides bluffing and posturing to not “chicken out” and give up the upper hand in the deal. Although the UK is now officially no longer part of the EU, there are still negotiations about the custom agreement between the UK and the EU member states. Right now, the EU rules on intra-member state trade still applies, but there is a deadline for new tariffs and protocols to be in plac...
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.