Ethanol trade association Growth Energy in a letter to Arkansas Governor Mike Beebe wrote that the end result of waiver to the Renewable Fuel Standard (RFS), preventing the use of corn in ethanol, would be the equivalent of a "domestic grain embargo." Governor Beebe is one of eight state governors who have asked the Environmental Protection Agency (EPA) for an RFS waiver in response to the U.S. drought.According to the organization, farmers can recall previous domestic grain embargoes that created "extraordinary financial hardships." Growth Energy's letter also sought to inform Beebe that "the corn crop belongs to the corn farmers first and foremost, not to the poultry and livestock industries, and dictating who they can sell it to is a vio...
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.