Macroeconomics Food Inflation Soars to 1 Percent in May After seeing food prices rise by just .4 percent in April, May saw a sharp rebound driven by the cost of cooking oils, fresh fruit, and milk. May also marked the fourteenth consecutive month that the cost of food has risen year-on-year. The average price for cooking oils, fresh fruit, and milk moved up by 3.6 percent, 3.4 percent, and .6 percent, respectively, but the increases were actually less than in April. The other major factor was the cost of fresh vegetables, which continued to fall in May as compared to their price a year ago, with a decrease of 1.7 percent. However, that was markedly lower than in April when they fell year-on-year by 13.5 percent. The price of eggs also dro...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
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Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.