Macroeconomics Food Inflation Reverses Course, Falls in December With pork prices continuing to remain well below their averages from a year ago, food costs on aggregate fell by 1.2 percent in December. That reverses course from November when food inflation climbed by 1.6 percent, the first uptick since May. The cost of pork dropped by 36.7 percent year-on-year last month, as the November rally in live hog prices ended. Meanwhile, other categories saw their average prices rise from a year ago, albeit at a slower pace than in November. These included fresh vegetables, cooking oil, and eggs, which jumped by 10.6 percent, 6.4 percent, and 12.7 percent from December 2020. In contrast, fresh fruit prices, which rose by 4.8 percent from a year...
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
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.