The U.S. dollar has been on a bull ride of late, especially against the currency of some of our most important trading partners.The U.S. dollar has been on a bull ride of late, especially against the currency of some of our most important trading partners. The St. Louis Fed maintains data on its exchange rate in comparison with a trade-weighted basket of major foreign currencies (EU euro, Japanese yen, Canadian dollar, UK pound sterling, Swiss franc, Australian dollar and Swedish kronar). The U.S. dollar has risen from 75.9 to 81.8 on this index since June and had been at 68.3 in April 2011.What does this mean for some of the top economic and news issues that have been discussed over the last three or four years? Simply put, when the U.S. d...
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.