Macroeconomics Food Prices Fall Again But Pace Slows With the average prices for fresh vegetables climbing by 15.9 percent year-on-year in October, the cost of food was down by just 2.4 percent last month on an annual basis. That marked the fifth straight month of a decrease in the cost food. However, the decline was the smallest since June. Fresh fruit also saw an uptick in October after a drop in September with a modest increase of .5 percent. Storms and recent winter weather have raised costs of production of fruits and veggies. Meanwhile, the prices for cooking oil, dairy products, and eggs were up by 6.4 percent, 1.4 percent, and 12.6 percent, respectively. In contrast, pork prices continued to lead the overall decrease in food price...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
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.