As India’s inability to import non-GM corn from international markets continues, high input and low output prices as well as other issues over the past few months appear to have affected the profits of Indian end user industries, particularly poultry and starch. Goods and Services Tax (GST) – India’s Biggest Tax Reform The Indian Parliament’s passage this week of an amendment that implements the Goods and Services Tax (GST) is being touted as the Modi government’s biggest victory and the nation’s largest tax reform effort. This will eliminate the various state-determined taxes, central taxes and different levies, bringing all under one tax regime. It will also facilitate more tax collection, but an across-the-board boost in the prices of...
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.