There is word that soymeal is in very short supply across the Midwest because crushers simply cannot acquire the soybeans they want to process. Several processors have stopped posting offers for the sale of soymeal. Expropriating Grain in Argentina Argentina's House of Deputies yesterday passed by a vote of 130-115 a bill that would allow the government to fine or confiscate merchandise from those judged to have increased prices unjustifiably. The so-called supply law has already been passed by the Argentine Senate and will be signed into law by President Cristina Fernandez. Supporters of the law say it ensures the executive branch of the government has the tools needed to protect consumers from price gouging. The law authorizes the gover...
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.