News Updates EGYPT UPDATE According to the Egyptian government, local wheat purchases are getting close to the 3.5 MMT target. The total cost of these purchases is close to $1.2 billion. It also is reported that the government has made more funds available either to cover local wheat purchases or to buy more wheat than the target amount. Meanwhile, Egyptian government buyer GASC is still not tendering in the international market.The FAO reports that a strain of wheat developed in Egypt has the potential to increase the local wheat yield up to 30 percent, which could make this one of the best yielding types of wheat in the world. According to one expert, if this new wheat is planted in all of Egypt's current wheat areas and if results prov...
Key Takeaways: President Trump announced $8 billion in additional agricultural assistance through the Harvest Fuel Relief Program, as USDA projects farm fuel and oil expenses will increase 28.8 percent in 2026. The package follows $12 billion in earlier relief, while government farm payments w...
Key Takeaways: A student group from the University of Chicago is protesting to bring back onion futures trading. Trading in onion futures was banned in 1958 following a spectacular bout of market manipulation that resulted in a corner of the physical market. The ban on onion futures led t...
Beef packer margins deteriorated to $141/head last week, down $55 from the prior week as fed cattle prices strengthened while the Choice cutout remained nearly unchanged. The cutout held near $373/cwt while fed cattle prices climbed $4/cwt to $224/cwt, narrowing processor profits. Despite the d...
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.