The U.S. Environmental Protection Agency (EPA) today denied requests from several governors and the livestock industry to waive the Renewable Fuel Standard (RFS). EPA received more than 30,000 comments on the waiver request. WPI predicted that EPA would deny the waiver based on the structure of the Agency's request for comments, which evaluated the following: (a) Whether compliance with the RFS would severely harm the economy of Arkansas, North Carolina, other states, a region, or the United States;(b) whether the relief requested will remedy the harm;(c) to what extent, if any, a waiver would change demand for ethanol and affect prices of corn, other feedstocks, feed, and food;(d) the amount of ethanol that is li...
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.