Congress will be in recess next week for the President’s Day holiday and in-district work time. They will return on 1 March, which leaves 10 days to come up with funding for the rest of the fiscal year through 30 September. Yesterday the Senate passed a continuing resolution by a vote of 65-27; it was passed by the House on 8 February, by a vote of 272-162. The bill provides funding from now until 11 March. Livestock Price Reporting The appropriations bill contained funding to continue the livestock reporting program (the authorization expired on 30 September 2021). It increasingly looks like Congress will just extend livestock price reporting for the remainder of the fiscal year and work on a new reauthorization prior to 30 Se...
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
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.