Markets had a softer tone overnight, but trading volume did remain quite heavy for the evening session. The big fund buying that has been present the past three or four days wasn’t there today, and the market floundered a bit. General Comments Markets had a softer tone overnight, but trading volume did remain quite heavy throughout the evening. The big fund buying that has been present the past three or four days wasn’t there today, and the market floundered a bit. There continues to be talk that U.S. farmers have been more active sellers on this recent rally, but our contacts have not noticed any significant upturn. The warm forecast might encourage farmers to move some grain. Trading volume was more subdued than yesterday. USDA announce...
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.