Misdiagnosed U.S. Treasury Secretary Janet Yellen said this week that, “Higher food and energy prices are having stagflationary effects, namely depressing output and spending and raising inflation all around the world.” She pushed for increased international food aid and advised international financial institutions to address acute food shortages. Stagflation is not depressing food output – war and weather are the culprits. It also is not to blame in energy markets, where war, monopolistic OPEC practices, and Western discouragement of fossil fuels are to blame. Such misdiagnoses risk the wrong policy responses to address the root causes. Potemkin Trade Policy In a few days, President Biden will announce the...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.