Macroeconomics Food Inflation Falls to Lowest Level Since May 2019 For the first time since July 2019, China’s food prices climbed by less than double digits this past September. With food prices rising year-on-year last month by just 7.9 percent, the dual impact of the novel coronavirus and African Swine Fever (ASF) appears to be waning. At least that seems to be the trend in the absence of new, uncontrolled outbreaks of either pathogen. Retail pork prices jumped on an annualized basis in September by 25.5 percent compared to 52.6 percent in August. Other food items seeing increases included fresh vegetables, cooking oil, and dairy products, which ticked up by 17.2 percent, 5.5 percent, and 1 percent, respectively, last month.&nbs...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
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.