One of the significant impacts of the COVID pandemic was its effect on the balance of food demand between retail grocery and food service. This was particularly seen in certain categories in 2020, such as dairy, meat and poultry, seafood, and some produce. Some was made up with renewed retail demand (seafood, meat, and cheese), some through carryout (certain types of meat and cheese – think fast food drive through and home delivery pizza), and some remained out of balance. The most recent survey from the Energy Information Administration (EIA) on household energy use, including kitchen appliance ownership and use, shows a baseline benchmark on home cooking. The EIA survey is conducted every four or five years – the recently rel...
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
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.