House Majority Leader Eric Cantor (R-Virginia) circulated a memo on Friday outlining the upcoming schedule for the House in June. Upon returning tomorrow, the House will take up appropriations bills for Agriculture, Rural Development, the Food and Drug Administration and related agencies, along with those for the departments of Homeland Security, Defense and Veterans Affairs. By mid-month, the House is scheduled to take up the committee-passed farm bill. In his memo, Cantor says he looks forward to "a robust debate and an open process on the House floor."Just how open the process will be is still a matter of debate. Speaker John Boehner (R-Ohio) prefers to have an open rule on most legislation, though not always. Agriculture Committee leade...
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.