The leaks of the most recently proposed ethanol volumes for 2014 underscore an issue that has been going on since 2007 – miles driven by American motorists are less each year. With that, the 10 percent blend wall is easier to meet with less ethanol. The statutory requirement for conventional corn-based ethanol in 2014 was supposed to be 14.4 billion gallons. The Environmental Protection Agency (EPA) looks like it will set the volume at 13 billion gallons and has even floated figures as low as 12.8 billion gallons. EPA noted in its tardy 2013 volume obligations rule that the absolute maximum for ethanol consumption in 2014 would be 13.2 billion gallons. The U.S. Energy Information Administration (EIA) explained the situation as meeting the...
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.