The renegotiation of NAFTA is going well. Mexican Minister of the Economy Ildefonso Guardardo Villarreal says all three countries will be ready to sit down in mid to late June. U.S. Commerce Secretary Wilbur Ross says the negotiations will not begin until the latter part of this year. Schedule Negotiation The renegotiation of NAFTA is going well. Mexican Minister of the Economy Ildefonso Guardardo Villarreal says all three countries will be ready to sit down in mid to late June. U.S. Commerce Secretary Wilbur Ross says the negotiations will not begin until the latter part of this year. In Ross’ defense, he has to go through the consultation period with Congress as required by the Trade Promotion Authority Act. He also likely wants to make...
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.