Never has the renewability of agricultural crop resources been better demonstrated than by the current prospects for U.S. corn and soybean production for 2013/14. Further, never have the results of one crop year demanded so strongly that supplies of U.S. corn and soybeans be renewed and replenished as have the results of 2012/13.It is now a matter of history that the severe Midwestern drought of 2012 caused a drastic reduction of U.S. corn production and, to a lesser extent, U.S. soybean production in the face of potentially strong demand for both. That strong demand for reduced supplies of corn and soybeans has gradually caused the availability of both to become extremely tight. History will record that the impact on 2012/13 corn and soy...
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.