Politicians blamed Covid and now Putin for the crisis in food and energy, but they have been just as complicit in the ongoing shortfalls. All industries, including agrifood, are hurt by the energy crisis. Putin is simply exploiting a situation caused by Washington and Brussels as they falsely assumed that withdrawing support for fossil fuels was essential to rowing the clean energy sector. There would still be inflation in energy without the Ukraine problem. Now the same leaders talk about capping or taxing “excessive” profits, which means creating a disincentive to more output. The food versus fuel debate that erupted during the last bull market in agricultural commodities is going to return with the growing incentives f...
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.
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...