Grain and soy prices opened the overnight session weaker, which carried over into the day session. Traders are concerned about what might happen if the H7N9 bird flu were to become widespread and Chinese meal and soybean demand were seriously impaired. General Comments Although profit taking sent the U.S. dollar index lower today, most commodity prices still fell lower again. Precious and industrial metals declined as did most energy products. Crude oil was especially weak, falling $2 to below $77 as Saudi Arabia cut its price for crude oil to U.S. buyers. The Dow closed up 17 points, but the other stocks indexes were lower on fears that lower oil prices might do damage to oil companies. It appears the Saudis are ready for a price war wit...
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.