Regional News After an amazingly dry spring, rains are forecast to return to Europe this week and next. The GFS model projects meaningful rainfall for southern France and Germany, as well as broad coverage across Southeast Europe. The UK is expected to remain dry in the coming week, but that pattern is in keeping with seasonal trends. Weather models suggest inconsistent precipitation across the Black Sea region, with western Ukraine receiving above-normal rainfall while parts of western Russia receive less than is needed. Temperatures will be cooler than normal across continental Europe, with any heat isolated to the northern regions. Parts of southern Russia will see above-average heat, however, which may threaten the wheat c...
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.