The House of Representatives and the U.S. Senate have both passed the full-year Continuing Appropriations Act, which would fund the government under a continuing resolution (CR) for the remainder of fiscal year (FY) 2025. The Congressional Budget Office (CBO) estimates that this bill would set overall baseline discretionary budget authority for FY 2025 at $1.6 trillion. That breaks down to $893 billion for defense and $708 billion for non-defense. The House passed the bill then adjourned, leaving it for the Senate to address on Friday. The Democrats had a field day with complaints about the budget package, but ultimately, Senator Chuck Schumer (D-NY) decided to vote for the bill. That brought 10 votes with him, to see the bill p...
What You Need to Know Today: Iran warned that it will retaliate against the U.S. if American strikes target Iranian infrastructure, as President Trump has threatened to do next week if negotiations between the two nations do not resume. President Trump is scheduled to deliver a primetime addre...
Turkeys for Thanksgiving are typically placed this month. Turkey production has suffered from HPAI and other diseases for the past two years, and placements are still down overall. However, at more than 34 pounds per bird, overall production is being supported by heavier weights and increased p...
Key Takeaways: Continued domestic demand for soyoil in the U.S. will drive prices higher and create a firmer outlook for global soybean values and crush margins. U.S. soyoil prices are set to increase 13-16 percent over the next four months as the domestic demand expansion takes hold. Th...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.