Donald Trump has made clear that he wants to build a wall on the U.S.-Mexican border, but today the U.S. and Mexican dairy industries decided that one needs to come down, and it is located elsewhere. Overproduction Support The EU’s Common Agricultural Policy (CAP) support may have not only encouraged Spanish farmers to grow too many olives and ship them to the U.S., but it also has resulted in too many peaches and nectarines. As a result, taxpayers will pay to remove the excess from the immediate fresh market for processing into juice. The cause of the overproduction is reportedly not the Russian import barriers, which have been reoccurring for years, but instead attributed to “structural imbalances.” Effectuating the adjustment of such i...
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.