House Ag Committee Chairman Michael Conaway (R-Texas) would like to have the farm bill on the House floor during the week of 14 May. He is hoping that all the farm meetings held in districts during the recent congressional recess will have helped tee up the bill for the House to consider. The coming days will be dedicated to the whip process of rounding up votes with its speed and outcome likely determining the legislative schedule. As previously noted many times, the two major program issues were cotton and dairy, top commodities for the districts of the chairman and Ranking Minority Member Collin Peterson (D-Minnesota), respectively. Those were fixed in February’s emergency appropriations bill, and that took some of the pressure off...
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.
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...