Worker Centric Paradox The Biden Administration has called for a “worker centric” trade policy but USTR Katherine Tai is complaining about a dearth of data to support the initiative. The old metric was an assumption that each $1 billion in trade supports 30,000 workers, and that trade related jobs paid more than other types of employment. But the Administration’s goal is to increase worker “rewards” from trade, a metric that is contradicted by economics. Labor is typically the most expensive component in all commerce. To be internationally competitive, the goal is to deliver greater value, which usually means reducing the labor cost component. Expanding trade can increase the return to labor but focusing simpl...
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.