The report includes an economic forecast and projections of spending and revenues under current law over the next 10 years. It is of course a tall order to capture all the trends and potential economic shocks that can have an impact that far into the future.The Congressional Budget Office (CBO) yesterday released the 10-year Budget and Economic Outlook, which it typically does each January. There will be an update in August. The report includes an economic forecast and projections of spending and revenues under current law, known as baseline projections, over the next 10 years. Typically, the CBO also does a spring update in conjunction with its analysis of the president's budget. The 2015-2025 Outlook shows real economic growth from the fo...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
Key Takeaways: With the fall calf run now upon us, producers are finally getting a glimpse of what their realized profits will be for 2026. Some producers may have already obtained a strong estimate of 2026 revenues, especially if calves were forward sold in, for example, the mid-summer...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
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.