More Tariff Threats but Progress Fresh off his claim of successfully coercing Mexico via tariff threats into greater responsibility for the immigration mess, President Trump returned his focus today to China. Likely discouraged by skepticism expressed by Treasury Secretary Steven Mnuchin that China is going to make any progress on U.S. demands before the G20 summit late this month, Mr. Trump made a new tariff threat today. He said he would apply 25 percent tariffs on another $300 billion worth of imports from China. However, it was a light threat since they would only be imposed if Chinese President Xi Jinping refuses to meet with him at the G20 meeting, a rather low bar. Meanwhile, G20 trade officials reached agreement on a statement reg...
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.