USDA announced that the signup for the new Dairy Margin Protection Program (DMP) will begin 2 September and run through 28 November. It will allow farmers to delay signing up until later years, but they must stay in the program once enrolled.USDA announced that the signup for the new Dairy Margin Protection Program (DMP) will begin 2 September and run through 28 November. The farm bill program had a target date of 1 September, so USDA is slightly behind schedule but close to the benchmarks in the bill. According to Undersecretary Mike Scuse's testimony to the House Agriculture Committee, USDA's top priority was to establish the disaster programs, which it has done. This was to be followed by the conservation program signups, which are under...
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
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.