Public Health Coronavirus Lockdowns Return as 20th Party Congress Nears With President Xi essentially guaranteed a third term in office, there was some thought that the central government’s handling of new coronavirus cases would change. However, with an uptick following the Golden Holiday week, Beijing’s leadership has seen no reason to reverse course. In terms of actual cases, according to the Johns Hopkins Coronavirus Resource Center cases were declining after an uptick in early September, although there are likely data lags and underreporting from China due to the drastic measures that are imposed on individual citizens and families. Through this past Monday, the trailing seven-day new case average has risen to 6,611 cases...
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.