Whether Buenos Aires or Washington, politicians are finding a practical middle to prevent all out failure. In Argentina, after a devastating blow earlier this month in primary elections, the Fernández government has come forward with three measures to sooth the concerns of an angry agriculture sector. The first is the lifting of a ban on beef exports effective on 4 October, the second is proposed legislation to increase agricultural exports by $40 billion over the next decade, and the third is the removal of credit restrictions on farmer soybean and wheat stock holdings greater than 5 percent. It is unlikely that the second initiative would remove the tax on agricultural exports since the government needs the revenues and thus...
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.