The definition of abundance forms the most significant common thread in USDA’s December WASDE as it projects large amounts of everything in its supply/demand estimates for the U.S. specifically and the world as a whole.The Merriam-Webster Dictionary defines abundance as simply a large amount of something. That definition forms the most significant common thread in USDA’s December WASDE as it projects large amounts of everything in its supply/demand estimates for the U.S. specifically and the world as a whole. When abundance creeps into the realm of surplus is a subjective judgment, but if we are not already there, we must be getting close.Following are USDA’s estimates of total supplies, total use, ending stocks and stocks/use ratios for wo...
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.