Today is the day when farmers can start applying for the $16 billion in Coronavirus Food Assistance Program (CFAP) direct payments. FSA has announced that to expedite the payments, it has created a form application that applies the rates of payment to the eligible volumes that a farmer enters into the program and that the form will pre-calculate the eligible payment. In anticipation, growers across the country are touching base with their local county FSA offices and some are coming away confused and disappointed – especially co-op members. We are hearing from some producer groups that certain FSA offices have told producers of certain specialty crops and cotton producers that they will not be eligible for the CFAP paymen...
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.