The House Republicans finally came around to electing a new Speaker, Representative Mike Johnson of Louisiana. Johnson said he’d like the House to pass the farm bill in December, “await Senate action” and then “begin negotiations (with the Senate) as soon as possible.” Senate Ag Committee Chair Debbie Stabenow has maintained that the Senate will bring up the farm bill in early 2024. The House now has 21 days before the stopgap funding runs out. They must either pass the eight remaining appropriations bills (out of 12) – and get consensus with the Senate by the deadline – or pass another continuing resolution (CR) to keep the government open. On Monday, before Johnson was elected on Wedn...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
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.