Receding the Trade War Sinking emerging-market currencies coupled with trade war impacts on economic growth are raising fears of a global recession. China’s auto sales have begun sliding, and Beijing is reportedly increasing infrastructure spending while selling U.S. dollars and warning investors not to sell. Japan is assessing how to keep its economy primed at the same time its national debt leaves little room for stimulus. White House economic advisor Larry Kudlow says the strong U.S. economy will help Republicans keep the House of Representatives this November, but the Congressional Budget Office this week lowered its 2019 economic growth forecast to 2.4 percent based on NAFTA concerns. One thing that is clear is that a recession...
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.