World Perspectives

Livestock Round Up: Livestock Hearing in Congress, COF Preview

The House Agriculture Subcommittee on Livestock, Dairy and Poultry held a hearing yesterday, entitled "A Review of Animal Agriculture Stakeholder Priorities.” There was a clear consensus on two key issues among cattle, pork, and turkey producers as well as the packers and processors. First, all oppose the Administration’s new Packers and Stockyards Act regulatory proposals; as WPI has written previously, USDA announced a suite of three proposed rules, two of which have been published. As noted by the National Cattlemen’s Beef Association (NCBA), the rules stem from the 2008 farm bill, and have been proposed in 2010, 2012, and again in 2016. A rule was adopted in 2020, taking effect in 2021, but USDA has re-proposed change...

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WPI Crop Progress and Conditions App (Updated 30 June)

Update for 28 April 2025: Last year, users pointed out differences between the 5-year averages reported in this app and what USDA estimates in its weekly report. The difference exists because WPI calculates average based on the last 5 years of observations for the current week. In cases where o...

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Market Commentary: USDA Reports Offer Few Surprises, Weather Dominates Trade Outlook

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Summary of Futures

Sep 25 Corn closed at $4.0925/bushel, down $0.0225 from yesterday's close.  Sep 25 Wheat closed at $5.3825/bushel, down $0.025 from yesterday's close.  Nov 25 Soybeans closed at $10.27/bushel, up $0.0225 from yesterday's close.  Aug 25 Soymeal closed at $275.8/short ton, up $0.2...

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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.

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