Farmland values in the Midwest have been dropping, based on near perfect growing conditions and an anticipation of a bumper crop this year for corn and soybeans. However, high milk prices have propped up values in dairy country.Farmland values in the Midwest have been dropping, based on near perfect growing conditions and an anticipation of a bumper crop this year for corn and soybeans. However, high milk prices have propped up values in dairy country. Below is a summary from the Chicago and St Louis Federal Reserve Banks' farmland value reports that were released recently:The Federal Reserve Banks' determination of these values is based on surveys of farm banks in their districts. For the Seventh District, headquartered by the Chicago Fede...
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.