While the amount of frost-freeze damage to certain crops is unknown at this time and drought continues to be an issue in some key regions, the planting intentions released this week had a few noteworthy surprises.The frost/freeze that occurred as far south as central Oklahoma a few weeks ago has been completely absent from any market news as crop ratings in both that state and Kansas have remained nearly unchanged. The belief is that little or no damage resulted, but the extent of any that may have occurred won’t be known until the wheat is harvested. A greater concern remains the lack of any meaningful precipitation over the last 90 days. The extended forecasts continue to look for above-normal temperatures and below-normal rainfall...
What You Need to Know Today: A third U.S. border crossing (Columbus, New Mexico) has reopened to Mexican cattle imports following nearly two years of restrictions related to New World screwworm. The reopening could gradually improve feeder cattle availability, although more than 60 confi...
Yesterday, the USDA’s Agricultural Marketing Service (AMS) released a new report of negotiated cash purchases of cattle under the mandatory price report. The report included Colorado, New Mexico, Oklahoma, Texas, and Kansas. The goal of the report was to solve the confidentiality issues e...
Key Takeaways: U.S. soybean crushing began in 1911 and saw its most rapid expansion during the 1930s amid the broader agricultural and technology revolutions of the time. After peaking in the early 2000s, the soybean crushing industry went through a downturn as poor crush margins forced...
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.