There is no doubt that the Russian food import embargo is stinging exporters, particularly in Europe, but the West needs to hold a kumbaya on the situation. Russian Embargo Blowback There is no doubt that the Russian food import embargo is stinging exporters, particularly in Europe, but the West needs to hold a kumbaya on the situation. One European official demanded that the U.S. buy some of the surplus food, and Americans wish Europe would provide greater import access for U.S. food and match even a fraction of the defense expenditure made by Washington. Meanwhile, Brazil and Argentina are looking to capitalize on the vacuum created in the Russian food market as if they bear no international responsibility to help check Vladimir Putin's...
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.