USDA announced that the signup for the new Dairy Margin Protection Program (DMP) will begin 2 September and run through 28 November. It will allow farmers to delay signing up until later years, but they must stay in the program once enrolled.USDA announced that the signup for the new Dairy Margin Protection Program (DMP) will begin 2 September and run through 28 November. The farm bill program had a target date of 1 September, so USDA is slightly behind schedule but close to the benchmarks in the bill. According to Undersecretary Mike Scuse's testimony to the House Agriculture Committee, USDA's top priority was to establish the disaster programs, which it has done. This was to be followed by the conservation program signups, which are under...
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...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
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.