Many observers believe that this year's budget resolution, the first in five years if it comes to the House and Senate floors, will include reconciliation instructions, which would likely target SNAP for budget trimming inside both chambers' Agriculture Committees.The House Agriculture Committee's subcommittee on Nutrition held the first of the promised hearings to review the Supplemental Nutrition Assistance Program (SNAP) from top to bottom. The newly restructured subcommittee, stripped of its other jurisdiction in previous Congresses (i.e. Department Operations Oversight), is chaired by sophomore Representative Jackie Walorski (R-Indiana) who is new to the Agriculture Committee. In fact, the hearing was the Nutrition subcommittee's first...
What You Need to Know Today: The Federal Reserve held interest rates steady at 3.75 to 4.0 percent Wednesday, with two officials dissenting in favor of a 25-basis-point increase. The Fed upgraded its assessment of economic growth from "solid" to "strong" but adopted a more patient approa...
Key Takeaways: Expected growth in U.S. soybean crushing capacity and output, driven by biofuel demand, will increase domestic soymeal supplies, with production growth significantly outpacing demand. WPI forecasts soymeal production increasing from 65.8 million short tons in 2026/27 to 70.5 mil...
WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “How To”...
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.