The American approval of TPA shifts the international focus to the Trans-Pacific Partnership (TPP), but what are the implications of the former on the latter? TPA and TPP Prognosis Nancy Pelosi and this analyst must both eat some crow. After the U.S. House of Representatives last week resoundingly voted down a joint Trade Promotion Authority/Trade Adjustment Assistance (TPA/TAA bill), House Minority Leader Nancy Pelosi (D-California) pronounced TPA dead; this analyst opined that more must change than just legislative procedure and suggested greater concessions on TAA. There were minor changes to TAA (remove Medicare cuts as the funding source, some language on trade remedies, a vote on Ex-Im and a few other bones). Truth be told, though,...
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.