USMCA’s Timid Opposition A coalition of 600 business groups wrote a letter urging the U.S. Congress to quickly pass the U.S.-Mexico-Canada Agreement (USMCA). The demand is unsurprising but what is notable is the lack of a choreographed campaign of opposition to the USMCA. Over 1,500 civil society groups ran an organized opposition campaign against the TPP. While some of these groups also oppose USMCA and all other trade agreements, they are making at best a low-key effort to stop it. This has left Congressional Democrats and organized labor freer to focus on just a few fixes in the agreement, and left USMCA less bruised than some predecessor agreements. India’s Gift to Trump The Trump Administration has withdrawn GSP pr...
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.