Following is an end-of-the-week roundup on some percolating policy matters: Steel Tariffs: President Trump signed the steel and aluminum tariff order yesterday. However, Mexico and Canada were exempted to allow the NAFTA renegotiations to continue. The EU has already drafted a retaliation list that includes some non-major but politically important products: peanut butter, impacting top peanut state and home to USDA Secretary Sonny Perdue; bourbon, which comes from Senate Majority Leader Mitch McConnell’s home state of Kentucky; and cranberries, a key product of House Speaker Paul Ryan’s home state of Wisconsin. It also targets two non-ag iconic American products, Harley Davidson motorcycles (also from Ryan’s Wisconsin) an...
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.