The Federal Reserve has made clear that it recognizes the need to address its balance sheet. How it does this, though, remains the question.New York Federal Reserve President William Dudley reached out to the financial media on 31 March to plant a significant story: the Federal Reserve may begin to scale down its $4.5 trillion balance sheet later this year. As clients may recall, the issue of the Fed’s balance sheet was a key part of WPI’s analysis of monetary policy earlier this month. Prior to the Federal Open Market Committee’s (FOMC’s) March meeting, analysis focused on “... whether the notes of the meeting will address what the Fed’s plans might be for the reserves it holds” (see Ag Perspectives, 13 March). As noted at the time, there...
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.