A pending issue before U.S. FDA is whether plant-based foods such as soy milk, almond milk and rice milk can be called “milk,” and a similar fight is occurring elsewhere in the meat alternative category. In a Name A pending issue before U.S. FDA is whether plant-based foods such as soy milk, almond milk and rice milk can be called “milk.” Dairy producers, who have been hit by low prices, are insisting that milk must come from the udder of a cow. Plant-based alternatives have likely expanded market share but remain a very small fraction of dairy sales.Instacart says consumer Internet search for the term non-dairy was up 222 percent last year, although actually finding a product that tastes good is much harder. The dairy alternative called...
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...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
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.