Dairy Reforms Keep Coming The emergency appropriations bill that passed on 9 February included additional cash and some reforms to the dairy Margin Protection Program (MPP). The new spending plan provided $1 billion to be split between cotton growers and dairymen. MPP allows dairy producers to insure the margin between feed costs and income on a hundredweight (cwt) basis. Among the reforms, the rates were lowered for higher margin coverage (margins above $5.00/cwt); the first $100 in fees were waived; and the volume of coverage without a cost was increased from 4 million pounds to 5 million pounds of milk. Further, the appropriations bill included instructions for USDA to reopen the program in 2018 for new sign-up or new elections in cover...
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.