As we reported last Thursday, the Senate passed a continuing resolution – i.e., a temporary funding bill to keep the government from shutting down at midnight that day. The vote was 65-35. In the House of Representatives, the vote was 254-175. This measure keeps the government open, and specifically, keeps various market sensitive AMS reports published, as well as extends the Livestock Mandatory Reporting (LMR) for which the statutory authorization expired on 30 September. That was the major hurdle to overcome – but there is more to consider. Recall that after the 2013 government shut down, some services were deemed essential, so when the 2018 funding lapse came, certain USDA functions were explicitly exempted from...
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
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.