Today’s WASDE report from USDA may have been bearish for the commodity markets, but it was bullish for the farm spending component of the next farm bill. WASDE Farm Bill Impact Today’s WASDE report from USDA may have been bearish for the commodity markets, but it was bullish for the farm spending component of the next farm bill. The optics of big subsidies to farmers during bull markets are ugly, although not so when truly struggling producers can be trotted before cameras. Some believe improved demand or reduced production in 2017 will ease the otherwise negative spread sheets of farmers. If it does not, however, look for a harder push to complete a rewrite of farm policy sooner rather than the current plan for late in 2018.Separately, e...
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.