There was higher volume today trading corn and hogs, and lower volume in the soy complex and SRW. New contract lows were printed for corn, SRW, and HRW. Yesterday’s crop progress report reflected potentially stellar crops and yield estimates from private analysts continue to push well above USDA’s forecasts. Reports The Purdue/CMW Group Ag Economy Barometer for July dropped 7 points to 135, which is still higher than in 2022 – 2024. Lower crop prices are reducing farm financial performance and denting optimism, though there is still hope for improved exports and 74 percent of respondents believe the U.S. is headed in the right direction. Despite lower commodity prices, USDA’s Land Value...
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.