A Trump administration agriculture official addressed a meeting of private sector industry representatives today and made several notable points. Trump Ag Speaks A Trump administration agriculture official addressed a meeting of private sector industry representatives today and made several notable points:New Ideas: This administration is not afraid of agitating opposition, which opens the door to many new policy approaches. Ideas are welcome.Sound Science: Agencies work hard to develop science or economic-based policy positions, and they should then be active in defending those standards. The inference is to animal agriculture and biotechnology as well as a direct criticism that former USDA Secretary Tom Vilsack failed to aggressively ta...
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.