World Perspectives

23 Legislative Days, and Many Issues, Left Under Government Funding Extension

Congress returns tomorrow after its Thanksgiving holiday break to face a long list of issues and the time pressurs of finalizing government funding bills. Following is what is on the “To Do” list. Four appropriations bills, including the Agriculture and FDA appropriations, must be passed by January 19th. Complicating that task, in the Senate, Democrat leaders are pushing for an additional, stand alone, $1 billion emergency funding bill for the Woman, Infants and Children’s program to increase benefits for new participants before the appropriations bill is passed by January.  The other eight appropriations bills must be passed by 2 February 2024.  There are 15 legislative days on the calendar until the Christma...

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Mar 26 Corn closed at $4.24/bushel, up $0.0225 from yesterday's close.  Mar 26 Wheat closed at $5.155/bushel, up $0.0775 from yesterday's close.  Mar 26 Soybeans closed at $10.64/bushel, down $0.005 from yesterday's close.  Mar 26 Soymeal closed at $296.2/short ton, up $4.8 from...

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livestock

Livestock Industry Margins

Beef packer margins improved for a second consecutive week but remained firmly negative. Margins rose $70/head to –$179 as the Choice cutout advanced $4.56/cwt and fed cattle prices were largely stable. The recovery narrowed the gap between breakeven and cash cattle values to roughly $19/...

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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.

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