World Perspectives

FMMO Proposal Released by USDA

Yesterday, USDA’s Agricultural Marketing Service (AMS) released its proposed changes to the Federal Milk Marketing Order (FMMO) from the hearing process that started in July 2023. Below are some of the key updates proposed by AMS:  Milk Composition: Update the factors to 3.3 percent true protein, 6.0 percent other solids, and 9.3 percent nonfat solids. Skim milk composition factors in the current price formulas codified in the FMMO regulations were adopted in 2000: 3.1 percent protein, 5.9 percent other solids, and 9 percent nonfat solids. Actual component tests of skim milk have increased since 2000, with more significant increases beginning in 2016. This adjustment is intended to more accurately represent component levels in m...

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Market Commentary: Grains, Oil Fall on Risk-off Trade after Middle East Ceasefire

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Trade Agreements Challenged; No Non-reciprocals; Miniature Meat Plant

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Summary of Futures

Jul 25 Corn closed at $4.1625/bushel, down $0.03 from yesterday's close.  Sep 25 Wheat closed at $5.52/bushel, down $0.175 from yesterday's close.  Jul 25 Soybeans closed at $10.4675/bushel, down $0.12 from yesterday's close.  Jul 25 Soymeal closed at $280.5/short ton, down $1.9...

feed-grains soy-oilseeds wheat

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Jul 25 Corn closed at $4.1625/bushel, down $0.03 from yesterday's close.  Sep 25 Wheat closed at $5.52/bushel, down $0.175 from yesterday's close.  Jul 25 Soybeans closed at $10.4675/bushel, down $0.12 from yesterday's close.  Jul 25 Soymeal closed at $280.5/short ton, down $1.9...

livestock

Hogs and Pigs Report Preview

USDA will release its quarterly Hogs and Pigs report tomorrow. The pre-report estimate is as follows: The pigs per litter for March through May is forecast at 101.3 percent of last year, with a range of 100.9 to 102.3 percent. The pig crop is expected at a one percent increase, that aligns wit...

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From WPI Consulting

Accountability and a comprehensive approach to export programming

WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.

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