Today's Supreme Court ruling against the federal raisin marketing order sets a precedent for many other such orders for specialty crops as well as for milk.Today the Supreme Court ruled against the federal raisin marketing order in a four-to-five decision, setting a precedent for many other such orders for specialty crops as well as for milk. It ruled that that Marvin and Laura Horne, raisin producers in California who refused to comply with the raisin marketing order instituted in 1949, were due compensation for a federal government "taking" of property under the Fifth Amendment.The marketing order is administered by the Raisin Administrative Committee, which decides how much to market in a given year and assigns a quota to producers. Thos...
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.