The U.S. agriculture sector was in crisis mode over the Labor Day holiday weekend after Donald Trump said he would decide quickly on his inclination to withdraw the country from the Korean-U.S. Free Trade Agreement (KORUS). Korean Crisis The U.S. agriculture sector was in crisis mode over the Labor Day holiday weekend after Donald Trump said he would decide quickly on his inclination to withdraw the country from the Korean-U.S. Free Trade Agreement (KORUS). Following are notable factors and comments:Bluster: Treasury Secretary Steve Mnuchin downplayed the possibility of a withdrawal and says the U.S. just wants a better economic deal. This is probably true since Trump largely uses bluster to put pressure on trading partners. Among the “su...
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.