Big non-food companies suggesting the dismantling of the food system because it is also big is certainly a big idea, but it cannot be characterized as pragmatic, the result of impartial analysis, nor supportive of technological innovation.
Hypocritical Big Industry The Washington think tank “New America” has a new initiative aimed at dismantling the big agribusiness companies. The irony is that it is funded and overseen by some of the largest non-agriculture businesses in the world. Eric Schmidt, chairman of the monopolist Internet search engine Google (Alphabet), is a leader on New America’s board of directors as are corporate heads from McKinsey, the Soros family, IHS and others. Companies like IHS grew into...
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...
