The November edition of the Purdue University/CME Ag Economy Barometer shows that November was the lowest index of the year to date at 116 – down 51 points from November 2020. The only sub-index to increase was the Farm Financial Performance Index; it was up 2 points to 106 in November, that’s 10 percent above its low reading of 2021 in June, and 22 percent below its high in April. Crop prices are strong but worries about input costs are a drag on the outlook. According to the report, In June, 44 percent of respondents said they expected input prices to rise from 0 to 4 percent, a rate of increase consistent with the last decade’s history. Inflation expectations started to shift in September with one-th...
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
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.