The rate of inflation for food increased 0.4 percent in February 2014, which was four times the core rate and the highest monthly increase since September 2013.The news is full of food inflation stories of late. General core inflation, which excludes energy and agriculture, is creeping at a very manageable pace. The Consumer Price Index (CPI) was up 0.1 percent in February 2014, the same pace as January 2014. For the year-over-year comparison, the February 2014 CPI was up 1.1 percent over February 2013. That is down from a 1.6 percent pace in January 2014 and the lowest 12-month inflation rate since October. The key significance is that the Federal Reserve's target inflation rate is 2 percent and the current rate falls below that, which is...
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.