News from Washington continued to be the primary driver of CBOT price action again on Tuesday, with most of the day’s action coming from plans for new import tariffs from President-elect Trump. The other news from Washington is the USDA APHIS’ ban on live cattle imports from Mexico, due to the discovery of the New World screwworm in the southern part of the country. The tariff plans sparked selling in corn and soybean futures, the latter of which was blunted by a rally in soyoil futures, while the import ban sparked a second day of rallies in the cattle markets. Trading in corn and the soy complex was surprisingly heavy for Thanksgiving week due to the tariffs and funds made a concerted effort to exit corn longs they have recently acquired...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
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.