Macroeconomics Exploding Meat Prices Drive September’s Food Inflation A further look at the September data from China’s National Bureau of Statistics reveals some interesting trends for the country’s consumer price index. Prices for nonfood items that comprise the index ticked up just 1 percent over prices from September 2018. In sharp contrast, pork meat prices at the retail level were up year-on-year by 69.3 percent, beef was up by 18.8 percent, mutton rose by 15.9 percent, and poultry climbed by 14.7 percent. Eggs and fruit also jumped up by 8.2 percent and 7.7 percent, respectively. Some of these increases were due in part to pre-holiday shopping in advance of the 70th Anniversary of People’s Republic of China...
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
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.