We are on the downhill slope of an unprecedented corn harvest. When the final tally is done, the U.S. corn crop of 2013/14 will be record large, exceeding the old record by hundreds of millions of bushels. It is even possible that despite reducing its harvested acreage number in next week's WASDE, USDA will still come up with an estimate of 14 billion bushels of U.S. corn production. There will be no record-setting drama attached to the soybean production estimate, but it should still be a big crop Something between 3.2-3.3 billion bushels would not surprise. After dealing with a few years of relatively small production lined up against strong demand, markets might view the big fall crops of 2013 as a novelty.However, demand for U.S...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
Key Takeaways: With the fall calf run now upon us, producers are finally getting a glimpse of what their realized profits will be for 2026. Some producers may have already obtained a strong estimate of 2026 revenues, especially if calves were forward sold in, for example, the mid-summer...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
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.