General Comments Markets started steady to slightly better yesterday afternoon and the momentum higher continued to build throughout today's session. The buying picked up noticeably when the open outcry session started trading at 9:30 a.m. Yesterday's trading volume was very small. Today's trading volume was big and funds were moderate buyers. We cannot find a single piece of suddenly bullish news to pin today's rally on other than the fund selling that dried up yesterday and at least some fund buying that surfaced today. Following the beating these markets have taken recently, it is interesting that there were never any concerted selling attempts today.Outside markets were not much of a factor either. Crude oil hovered close to unchange...
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.