In contrast to the French goal of being leader on environmental matters, U.S. EPA Administrator Scott Pruitt made a short genuflection to the agriculture sector. Macron Goes Political French President Emmanuel Macron has turned the reauthorization of glyphosate into a complete political football. In line with Macron’s stated goal of his country asserting “climate leadership,” France will oppose continued use of the herbicide and could block the EU Commission’s ability to achieve a qualified majority supporting it. Without glyphosate, European farmers will either have worse yields or switch to other herbicides that are statistically far worse for the environment.The policy response from other countries could be to just let EU farmers suffe...
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.