World Social Organization Speaking before the Bretton Woods Committee last week, WTO Director-General Ngozi Okonjo-Iweala reportedly identified the top priorities for the organization she leads is addressing global problems including food security, climate change, and the digital economy. Its as if the word trade was lifted right out of the organization she leads. That is because trade policy has been badly bruised in recent years, and she is using tangential issues to try and give it more gravitas. A core problem is that China operates ambiguously under WTO rules, a fact reinforced by Donald Trump’s effort to blow up the whole global trading system. Then countries used COVID and the Russian invasion of Ukraine to further violate old...
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.