Never understood the market phrase “friendly” – friendly to whom? Today’s market was not too unfriendly to anyone from the standpoint that up or down, there were no dramatic swings. Call it light volatility. Key points: The results were mixed with corn, soymeal, and liv...
USDA released its June quarterly Hogs and Pigs report today. Pre-report expectation was for a total inventory of 73.6 million head – which would have been the smallest September inventory since 2017 - but the actual inventory was 74.3 million, slightly higher than September 2022 and up 2...
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.