Mixed USMCA Signals Congressional Democrats are signaling both positively and negatively on the prospects for approval of the U.S.-Mexico-Canada Agreement (USMCA). On the one hand, their demands for changes are limited to stronger enforcement provisions within the agreement and more work on affordable medicines. The positive aspect is that these are narrow and specific; the negative is that they want the agreement reopened, which likely creates its own set of new problems. The tone is that USMCA can be passed, but the Democrats are only marginally interested and will need to extract some major concession(s) from the Trump administration to make it happen. Rotten Tomatoes Commerce Secretary Wilbur Ross is again wrapping up protect...
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.