Macroeconomic Cost of Food Surges Courtesy of a 46.7 percent rise in retail pork prices, China’s food inflation jumped by 10 percent in August on an annualized basis. This is the biggest monthly increase in the cost of food since January 2012. It also marks the seventh straight month that food prices have risen above their 2018 levels. Heading into the annual Moon Harvest Holiday and then the all-important National Day week-long celebrations, ongoing price increases in cooking oil, vegetables, fruit, other meat and fish, as well as pork, will have a dampening impact on consumer sentiment, particularly if China’s quarterly GDP continues to slow. Livestock All-Time Record Live Hog Price Since surpassing the...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Key Market Insights Macro markets delivered a full whipsaw today. Early in the session, crude oil had rallied back above $100/barrel as traders priced renewed concern over the U.S.-Iran standoff and potential supply risk through the Strait of Hormuz. That strength helped pull grains off their o...
From WPI Consulting
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.