Mexico’s Non-GMO Gambit Mexican Deputy Agriculture Minister Victor Suarez told Reuters that his country will halve its import of U.S. of yellow corn by the 2024 GMO ban via increased domestic production. He said that negotiations will begin for U.S. farmers to provide non-GMO corn. To achieve that level of a scale of production increase in Mexico would take a miracle. Negotiating in advance with U.S. farmers to provide non-GMO corn will at least avoid falling off the cliff, which would cost Mexico more than $1 billion in year one, but even a negotiated slope of increased non-GM production will not come cheaply. According to USDA’s National Weekly Non-GMO/GE Grain Report, non-GMO #2 feed-grade yellow corn averaged a price of $7...
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.