Ocean Freight Comments - 13 December 2024By Matt HerringtonDry bulk freight markets are in the middle of the holiday-season slowdown with thin and very quiet trade characterizing what little market activity is present. The peak demand period from the North American grain harvest has now past bu...
A disappointing Export Sales report for most of the major commodities sent CBOT futures broadly lower on Thursday. Export sales and shipments for corn, soybeans, and wheat were all on the low end of expectations and below last week’s values, which prompted traders to abandon (temporarily, at le...
This week’s WASDE held steady the price outlook for 2024 fed steers and broilers and increased hog prices slightly. The fed cattle price has generally been forecast up all year, except for a drop in the September estimates. 12122024dj.png 29.46 KBPrices for all species are expected to inc...
Food Fight AheadThere are two committee confirmation hearings that aggies will be watching intently early next year: the Senate Committee on Health, Education, Labor & Pensions (HELP) on the nomination of RFK, Jr.; and the Senate Agriculture Committee on the nomination of Brooke Rollins. Th...
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.