World Perspectives

New House Agriculture Committee Democrats Named

The new members of the Democrat minority of the House Agriculture Committee have been named. The Democrat side will decrease from 27 to 24 members moving to the minority. During the last Congress, the split was 27 to 23 between the majority and minority, but as we reported on 27 January, the Democrats requested 24 seats, so to maintain the split representative of the full House, the Republicans added a 28th seat.  Below are the new members. Note there are 431 Congressional Districts (out of 435) with some farm income, the data below is from the NASS 2107 Ag Census (the more recent Census would have been completed 2021 but was delayed until 2022 and the data is now being collected). Committee Ranking Member David Scott (Georgia) ann...

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Summary of Futures

Sep 25 Corn closed at $4.0925/bushel, down $0.0225 from yesterday's close.  Sep 25 Wheat closed at $5.3825/bushel, down $0.025 from yesterday's close.  Nov 25 Soybeans closed at $10.27/bushel, up $0.0225 from yesterday's close.  Aug 25 Soymeal closed at $275.8/short ton, up $0.2...

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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.

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