We've been predicting for about a year that Renewable Fuel Standard (RFS) reform will ripen as an issue in 2013. We stand by that. There will be a controversial decision on the RFS waiver from the Environmental Protection Agency (EPA) soon. Indeed, no matter what EPA decides, it will be controversial.As for timing, the announcement is supposed to be tomorrow, but the EPA has signaled that the deadline probably will be missed. The Agency indicates that it is still working on the waiver announcement and the 2013 volume requirements, the deadline for which is 30 November. Both announcements could be combined.By statute, 16.55 billion gallons of renewable fuels are to be blended into the gasoline supply for 2013. The total estimated motor usa...
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.