British Chutzpah The UK government released its negotiating objectives in a trade deal with the U.S. and reportedly Trade Secretary Liz Truss said Washington should remove its retaliatory tariffs against British goods in the Airbus case as a show of good faith. Perhaps London should remove its subsidies to Airbus as a show of good faith to the U.S.? London is clearly overplaying its hand. An analysis by Secretary Truss’ own department indicates that a trade deal with America would be worth just 0.16 percent to the British economy – it would be worth even less to a U.S. economy that is 7.5 times larger. The British stance is that there will be no compromise in a trade agreement with the U.S. on things like food standards,...
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.