Next Punch at China The market is correctly reacting to the assumption that President Trump will impose tariffs on $200 billion worth of imports from China. The administration has been signaling that the trade war with that country will not reach a conclusion anytime soon. The U.S. is demanding some large, fundamental changes by Beijing. The president has repeatedly said that China’s large trade surplus means that the U.S. has more with which to punish Beijing than the reverse. The Section 301 tariffs against China are the next shoe to drop. There will be many complaints, but because most people acknowledge that China plays a rigged game, they will be muted. Malmström’s Weak Beer EU Trade Commissioner Cecilia Mal...
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.