The spike in woods prices earlier this year has now subsided but there are longer term issues that need to be addressed. The production of forest products dropped in 2020 in anticipation of a COVID-induced recession. However, easy money fueled a construction bonanza instead and a shortage of wood was the result. The cost of lumber quadrupled, outpacing any other commodity. Production has increased, bringing prices down but elevating the issue of sustainability in forestry. Policymakers are trying to discipline the harvesting of fish and protect wildlife from both development and climate change. The focus on protecting forests has focused on the Amazon. There is no global agreement on forestry and countries like the Democratic Republic of C...
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.