The Trump budget plan for USDA is long on cuts and short on specifics.The Trump administration sent a partial budget proposal to Capitol Hill yesterday, which was a blueprint of agency cuts in annually-appropriated programs known as discretionary spending. It will also submit a plan later this spring that outlines cuts to mandatory and entitlement spending as well as addresses tax provisions. Since mandatory spending was not included in yesterday’s budget package, there are no structural reforms to farm programs, conservation programs nor the Supplemental Nutrition Assistance Program (SNAP). Expect those to be addressed in the second budget plan. USDA spending breaks down to about 83 percent mandatory and 17 percent discretionary.Yesterday’...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.