Key Takeaways:
New Mexico’s Clean Transportation Fuel Program expands demand for low-carbon fuels and creates another market for renewable feedstocks, adding incremental pressure to already limited supplies of lower-carbon inputs. Growing competition for waste-based feedstocks such as animal fats and used cooking oil could support higher prices, while supply constraints may limit their ability to fully replace virgin vegetable oils in renewable fuel production. Broader adoption of LCFS-style programs would favor lower-carbon feedstocks and could weigh on long-term soyoil demand for biofuel production, although limited policy expansion may slow the impact on vegetable oil markets. New Mexico’s position as a major oil-producing s...
What You Need to Know Today: U.S. and Chinese officials are expected to discuss agriculture and non-tariff trade barriers ahead of Chinese President Xi Jinping’s visit to Washington later this month, potentially opening the door to additional U.S. agricultural purchases or improved marke...
The U.S. will observe Labor Day on Monday, 7 September. U.S. markets and the WPI office will be closed that day. The next edition of Ag Perspectives will be published Tuesday, 8 September...
Key Takeaways: Drought and changes to the multi-year trend in cow slaughter and retention have the potential to dramatically alter beef trim supplies and pricing, and WPI specifically models three different drought scenarios for fall 2026. Based on our models, WPI expects 90 percent lean...
