Macroeconomics Food Prices Fall Year-on-Year in January by Nearly 4 Percent In another sign that China’s domestic economy is seeing further contraction to start 2022, the cost of food fell in January by 3.8 percent. In the preceding 12 months, food prices have fallen in 10 of them. January’s decrease is the largest year-on-year decline since this past September. Pork prices, even with the Lunar New Year holiday coming early, were down 41.6 percent from a year ago. The cost of fresh vegetables edged down by 4.1 percent on an annualized basis. Meanwhile, the costs of cooking oil and eggs, while up from a year ago, rose at a much slower pace than in December with upticks of 4.1 percent and 1.9 percent, respectively. The one excep...
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.