This is the day the federal government runs out of money. Yesterday the House passed a stopgap spending bill, which includes expanded funding for farm loans, and now the Senate has until midnight to avert a shutdown.The U.S. House of Representatives passed a FY 2017 continuing resolution (CR) yesterday by a vote of 326 to 96. Republicans supported the measure 208 to 33 with Democrats voting 118 in favor versus 63 against. The measure will fund the government for approximately four months until 29 April 2017. At that point, congressional leadership hopes to have a deal for the remainder of the fiscal year (through 30 September) completed along with the FY 2018 appropriations.The federal government runs out of money at midnight tonight, forci...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
Key Takeaways: Texas illustrates the assumptions underlying the 2025 FMMO reform; Idaho exposes their limitations. The Southwest order blend (roughly 27 percent Class I, 32 percent Class III and 31 percent Class IV) exposes Texas producers to every lever USDA adjusted, with a near-neutral proj...
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.