Today the House of Representatives passed a bill to authorize construction of the Keystone XL pipeline just hours after the Nebraska Supreme Court upheld the state's prior approval of the proposed route. A similar measure could see action on the Senate floor as early as next week.With the Republicans now in control of the 114th Congress and chaos in the oil markets stemming from a number of issues, energy matters will be front and center for much of the early part of the new session. Among the energy-related concerns are the transport of Canadian heavy crude to U.S. Gulf Coast refineries, the glut of light tight oil production that can't be exported to areas where it is in demand, OPEC's vow to further drive down oil prices, ethanol prices...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
Key Takeaways: With the fall calf run now upon us, producers are finally getting a glimpse of what their realized profits will be for 2026. Some producers may have already obtained a strong estimate of 2026 revenues, especially if calves were forward sold in, for example, the mid-summer...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
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.