Corn: USDA’s March estimate is that 2023/24 U.S. corn outlook is unchanged from February. The season-average corn price received by producers is lowered to $4.75 per bushel based on observed prices to date. Global corn ending stocks are down 2.4 million to 319.6 million tons...
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.