Macroeconomic Trends Food Inflation Falls to Lowest Since February 2019 With October retail pork prices falling for the first time in China in the past 18 months, food prices for last month were up by just 2.2 percent on an annualized basis. Compared with this past September, which saw pork prices rise by 25.5 percent, the average retail pork price in October fell by 2.8 percent. Meanwhile, egg prices continued their downward trend, declining by 16.3 percent last month year-on-year versus a 15.8 percent drop in September. Heading in the opposite direction were the average prices for fresh fruit, fresh vegetables, cooking oil, and dairy products, which saw gains of .4 percent, 16.7 percent, 4.7 percent, and 1.3 percent, respectively. For...
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.