General Comments The collapse in the equity markets around the world continued today as questions about liquidity continued to plague the markets. The U.S. S&P and Dow were down 1.5-2 percent this morning before starting to mount a mini rally during the last two hours of trading. The dollar was also again strong. Gold and silver were modestly higher early in the day but failed later. Crude oil, however, rallied and held that rally into the close.That exodus from financial and commodity markets again spilled over into the agricultural markets as well. There was no bullish news to hold that money. Extended weather outlooks look drier and warmer and contain no forecasts for excessive heat.Important USDA reports will be released Frida...
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.