USDA’s monthly Cattle on Feed report will be released tomorrow. Analysts’ pre-report consensus estimates are for the total inventory on feed to be 98.5 percent of last year with the range of estimates between an incredibly tight 98.3 percent and 98.8 percent of 1 May 2024. &nbs...
The CBOT was higher again on Wednesday with cool, wet weather for the U.S. Midwest causing planting delay concerns while hot, dry weather in the Black Sea motivated additional gains in global wheat markets. Of the weather concerns, conditions in the Black Sea and Europe seem to be the most cons...
EU Non-Proposal The EU has drafted a trade proposal for the Trump Administration that appears to be more fluff than meaningful stuff. Brussels offers to follow international labor rights and uphold high environmental standards. The EU already does this and is therefore not a concession. It offe...
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.