Agricultural markets were mixed on Wednesday with livestock futures posting another day of solid gains while corn and the soy complex were higher in lackluster trade. Wheat futures saw additional weakness on a strong U.S. dollar and improving weather for the winter wheat crops. Outside news was limited and the markets are focused on tomorrow’s Hogs and Pigs report and next week’s Plantings and Grain Stocks reports. Funds are thought to have been modest buyers of 5,000 contracts each of corn and soybeans while selling 4,000 contracts of wheat. The U.S. EPA said yesterday it is finishing a proposal that would extend the deadline by which oil refiners must prove their compliance with the RFS for the 2019 and 2020 years to 31...
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.