Regional News Russia’s winter crops may see 1.5 million hectares (Mha) go unseeded this year due to poor weather in key growing regions. Originally, 20 Mha was expected to be sown to all winter crops. Grain production in 2025 is unlikely to exceed 120 MMT now, due to the acreage reduction. Milling Wheat Wheat futures saw strong speculative buying early this month but that has since faded amid a shift towards less bullish fundamentals. U.S. wheat prices were firmer last week despite the stronger U.S. dollar, though export shipments have slowed in recent weeks amid the firmer currency. European wheat markets were lower last week as Russian export prices continue to push other exporters to the side. EU wheat exports are down 31...
What You Need to Know Today: The cattle market rebounded sharply this week, with January feeder cattle futures gaining $16.98/cwt and February live cattle futures advancing $7.60/cwt since last Friday. Tyson Foods' plans to restore a second processing shift at its Amarillo, Texas, facili...
Key Takeaways: The rationale for farm programs has changed significantly from their original intentions. Farmers’ incomes have grown sharply and have surpassed non-farm incomes beginning in the 1970s. Current farm programs are complex and focus on supporting risk management, environmenta...
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.