RFS Waiver on the Clock, or Will Be Soon Southern Governors Mike Beebe (D-Arkansas) and Beverly Purdue (D-North Carolina) this week have joined Maryland and Delaware in making formal requests for a federal waiver of the Renewable Fuel Standard (RFS) in response to the U.S. drought.Last week, two Democratic governors from poultry states wrote to the Environmental Protection Agency (EPA) not to request a waiver, but to show support for the livestock groups who had urged EPA Administrator Lisa Jackson to use her own discretion to grant one. Partisan politics in an election year have colored what Delaware Governor Jack A. Markell and Maryland Governor Martin O'Malley requested of EPA. Note the language, especially the underlined portions:...
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.