Macroeconomics Food Prices Drop Sharply in July, Down Nearly 4 Percent The average cost of food in July was down year-on-year by 3.7 percent with pork prices continuing to fall and the cost increases for other items like edible oil slowing. Last month also saw the largest decrease in the average price for food on an annualized basis since September 2017. The average cost of pork fell by 4.5 percent in July, while the average price for fresh vegetables was down by 4 percent. Meanwhile, cooking oil, dairy products, and egg prices were up by 7.2 percent, 2 percent, and 15.6 percent, respectively. However, these upticks were below the increases in June. In contrast, fresh fruit prices rose by 5.2 percent in July compared to 3.1 percent in Jun...
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.