The ink was barely dry on a positive spin for Trade Promotion Authority (TPA) surrounding this week's visit to Washington by Japanese Prime Minister Shinzō Abe when the wheels came off. Legislative Reversals The ink was barely dry on a positive spin for Trade Promotion Authority (TPA) surrounding this week's visit to Washington by Japanese Prime Minister Shinzō Abe when the wheels came off. The New Democrat Coalition of moderate U.S. House members went to the White House today to plead with President Obama to engage the politics of TPA and not just the policy. The fear is that just 12-20 Democrats in the House back the measure, and with up to 75 Republicans considering "no," that leaves the bill 20-30 votes short of passage. Opposition in...
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.