The fireworks were in the livestock futures markets today as lean hog futures pulled an impressive reversal on big trading volumes. This support spilled over into the cattle markets, though bullishness was more subdued there. Grains and oilseeds traded a steady session ahead of tomorrow’s Grain Stocks and Prospective Plantings reports. Outside markets are mixed with U.S. equities higher and interest rate products mixed. The Dow and S&P 500 indexes are both lower, with the Dow down 62 points (0.25 percent) and the S&P down 9.9 points (0.38 percent) as of this writing. Notably, the S&P 500 index is sitting just above its 200-day MA and a close above this point could usher in a sharp selloff in equities. Currently, the...
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.