The House Budget Committee was expected to pass Chairman Paul Ryan's (R-Wisconsin) proposed budget last Wednesday, 12 March. They did. This Wednesday, 28 March, the plan is scheduled to go to the House floor, where probably it will pass.House Agriculture Committee Chairman Frank Lucas (R-Oklahoma) said not to read too much into the budget numbers, because the budget leaves the ag-related changes up to the Agriculture Committee. Indeed, there is talk of several specifics about crop insurance and other provisions, but it is all premature. This won't happen until there is a consensus between the two chambers. The reconciliation instructions to the House Budget Committee established a May deadline, and Congress is out of session during the firs...
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.