Cultural 2018 Lunar New Year Ushers in the Year the Dog 16 February 2018 was the first day of the Chinese New Year, which also represents the commencement of the annual Spring Festival, China’s biggest holiday. Holiday celebrations have been building for most of February as the “Little New Year” period began on 8 February and culminated with the New Year’s Eve celebrations on the 15th. With many urban residents traveling to their ancestral homes to spend time with extended family members, market data has been unavailable since the middle of last week. The outlook for February may continue to be somewhat slow for the remainder of the month due to the holidays and festivals. This year’s zodiac sign is the dog,...
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.