The Senate took up the farm bill again this afternoon, but it was also scheduled to vote on a resolution supporting the full implementation of U.S. and international sanctions on Iran. It is likely that the Shaheen amendment on sugar will be taken up after an agreement on the vote can be worked out.Last year, Senator Jeanne Shaheen (D-New Hampshire) offered an amendment to reform the sugar loan rate reform and to eliminate the Feedstock Flexibility Program (FFP), which is the sugar to ethanol transfer. That amendment lost by a vote of 50-46. Senator Pat Toomey (R-Pennsylvania) also offered a similar amendment, which additionally required that the stocks-to-use ratio not drop below 15.5 percent. Toomey's amendment failed 46-53. This year's a...
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.