By the end of this month, USDA will have to decide whether to hold a public hearing on the Federal Milk Marketing Order (FMMO). This would be the first hearing in more than a decade. As WPI reported back in March, changes to the FMMO are a good bet given the impact of COVID on the dairy market, especially in light of an FMMO change in the 2018 farm bill (more below). Producer groups, primarily the American Farm Bureau Federation (AFBF) and the National Milk Producers Federation (NMPF), have been working on dairy program reforms for a couple of years now and in May, WPI summarized the proposed reforms to the FMMO submitted to USDA by NMPF with AFBF’s support. Since then, the International Dairy Foods Association (IDFA) and the Wiscons...
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
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.