Correction: Argentine Soymeal Not Headed to U.S. On Tuesday it was indicated that a ship lineup provided by the NABSA shipping agency in Argentina included shipments of soymeal totaling 92,178 MT headed to the U.S. The agency’s lineup was reported by Thomson Reuters. However, NABSA now indicates the soymeal is instead headed to Vietnam and Thailand. It is not clear why the destination was inaccurately published earlier. However, the shipments to the U.S. seemed credible because it normally has been in May and June that a consortium of swine and poultry producers in North Carolina have imported soymeal from South America. That may still happen, but not yet. Apologies for the erroneous information. U.S. Soy Export Sales High...
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.