NEWS UPDATES EGYPT COMMENTS Egypt's Agriculture Minister has said that the country will be able to grow sufficient wheat for all subsidized bread production if local storage is expanded. Subsidized bread is said to use 9.6 MMT of wheat, while total local production is currently at 9.5 MMT. According to the Minister, the problem is in local storage, which can now only store about one third of the crop. Egypt hopes to double the local storage in the next few years. Additionally, the Minister points out the following: Wheat is grown on about one third of all agricultural land; the government hopes to increase the wheat acreage by about 30 percent by bringing more land into production; however, due to a lack of resources (for an estim...
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.