World Perspectives

Food Service Spending within Total Consumer Spending

Last week the personal income data for August was released; income in August was up 0.4 percent and on the year is up 4.8 percent. The driver was private sector wages, which were up 0.5 percent on the month and 5.6 percent on the year. That’s good news, compared to the COVID era when government payments to individuals was the driver.   Consumer spending matched income, rising 0.4 percent on the month. Note, consumer spending is the biggest factor in the simple GDP equation of Consumer Spending plus  Private Domestic Investment plus Government Purchases plus Net Exports, … or C + I + G + (X-M) – where X is exports and M is imports.  Spending on goods was up 0.6 percent and spending on services was up...

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Summary of Futures

May 26 Corn closed at $4.535/bushel, up $0.0975 from yesterday's close.  May 26 Wheat closed at $5.8375/bushel, up $0.155 from yesterday's close.  May 26 Soybeans closed at $11.7925/bushel, up $0.0975 from yesterday's close.  May 26 Soymeal closed at $309.3/short ton, down $0.6 f...

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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.

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