Upcoming Campaign Situation Farming in Argentina currently is not having an easy time of it, as the increased production costs have complicated farmers' profits. The gradual rise of the costs in dollars means that for every farming campaign, farmers need more capital to seed the same area, which reduces their financial possibilities. Further, previous seasons were generally very negative for farm renting, as low yields and low prices later in the season (worsened by market intervention) have resulted in large losses to the companies renting land. To that effect, there has been a large reduction in the amount of capital invested in farm renting for the coming campaign. However, it is difficult to take out cash because currency controls...
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.