Inflation Truth The U.S. Federal Reserve sent a strong signal today that inflation is endemic in the economy and that strong action is needed to bring it under control. It will speed up the reduction in its bond buying and projects three interest rate increases next year. This contrasts with President Biden’s depiction of inflation being caused by a few bad actors, or that it is coming under control in some sectors. What is notable is that not only did the Fed not buy the White House line but neither did the public. In a SurveyGoo survey of 1,000 consumers in the U.S. and UK, 79 percent pegged the blame on supply chain problems such as driver shortages. The good news for the White House is that the public did not blame government sti...
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.