In anticipation of the House budget plan, social media sites and conventional media outlets are all atwitter. House Budget Committee Chairman Paul Ryan (R-Wisconsin) this weekend tweeted that "a budget that tackles our generation's defining challenges (and) doesn't hide from tough decisions" is "coming this week."The New York Times reported that a markup of the budget will happen on Wednesday, 21 March, which means the budget plan should come out tomorrow, Tuesday, 20 March. We can expect a budget plan markup by 10 a.m. this Wednesday.Of course, the political calculus of having quick action on the budget is keen. The more the budget proposal lies around, the more difficult the situation is -- just look at the Deficit Reduction Act. It calle...
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.