WTO Strategy U.S. Ambassador to the WTO Dennis Shea told Friday’s General Council meeting that addressing the organization’s future should wait until after the COVID-19 crisis has passed. However, on Saturday President Trump leapt forward and questioned the level of U.S. financial support to the WTO, questioning why Washington must pay more than Beijing. However, funding is proportional to a WTO member’s share of global trade and the U.S. has 11.6 percent of it versus China at 10.1 percent. In the end, it is about leverage to influence the future of the organization. With the early retirement of current Director General Roberto Azevêdo, the U.S. is likely to oppose any permanent successor unless that decision is par...
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.