Saving the World More than 50 agriculture ministers from OECD-member and non-member countries meet later this week to discuss: Building Sustainable Agriculture and Food Systems in a Changing Environment: Shared Challenges, Transformative Solutions. Yup, saving the world. What they are terming “Transformative solutions” must feed the world while reducing adverse environmental impacts. It is prepatory to the COP27 climate change meeting and an opportunity to position agriculture as a necessity, and possibly a solution, rather than the scourge portrayed by some environmentalists. Behind the scenes and based on prior experience, the meeting’s most likely dynamic will be 40 countries asking 10 wealthier countries to both give...
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.