There are seven legislative days left before the fiscal year ends on 30 September, and on at least one of those days (23 September) the session is not scheduled to start until after 6:30 pm. This is the window for Congress to pass a continuing resolution (CR) to keep the federal government open while completing a more detailed budget blueprint that meets the broad, bi-partisan outline agreed to back on 2 August. The CR is now expected, according to our sources, to be voted on in the House on Friday. Late last week, it was tentatively scheduled to move through the House Rules Committee today at 5 PM; that’s the panel that determines what amendments are, or are not, in order on the floor, and to be in the legislative hopper for a vote...
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
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.