Experts in South Africa are saying that the bumper 2017 grain crops will lead to lower prices for dairy products, meat and other grain-dependent items. Because of two previous issues, though, it will take some time for farmers to rebuild their herds, particularly for dairy, beef and pork. Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS Jordan has announced that the government will buy locally-produced wheat and barley from farmers at “preferred” rates, which has been the past practice. The prices for both were raised about 10 percent from the 2016 level with the government expected to purchase about 30,000 MT. Local grain production totals approximately 70,000 MT annually, less than 10 percent of the country’s yearly requirements. Wh...
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.