World Perspectives

Farm Bill and Global Dairy

As the 2012 Farm Bill enters its second day of deliberations on the Senate floor, there is a new splinter on the dairy front. Senator Robert Casey (D-Pennsylvania) has proposed an alternative plan to the National Milk Producers Federation (NMPF) Dairy Security Act (DSA). The DSA, of course, has margin insurance provisions and a controversial supply management provision that can be triggered by increased milk production. Casey's plan is even more interventionist, with the following provisions: Pricing formula based on national cost of production, Import restrictions, and Supply management provision to be triggered under certain production levels. While the Casey plan is a fringe proposal, the DSA is not. There is indeed substantia...

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Mar 26 Corn closed at $4.1975/bushel, down $0.0175 from yesterday's close.  Mar 26 Wheat closed at $5.105/bushel, down $0.0075 from yesterday's close.  Mar 26 Soybeans closed at $10.3875/bushel, down $0.1025 from yesterday's close.  Mar 26 Soymeal closed at $291.6/short ton, down...

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livestock

WASDE Livestock

USDA’s World Agriculture Supply and Demand Estimates (WASDE) report was released yesterday, the first of the year. Beef production is still down compared to 2024, but projections were raised for 2026. Beef production was raised as heavier slaughter weights more than offset the reduction i...

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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.

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