Farm Bill Movements If a deal can be reached on the fiscal cliff, it looks likely that a new farm bill could be part of the plan following that signal from the White House. More importantly, House Majority Leader Eric Cantor (R-Virginia) indicated he believes he can garner enough Republican votes to pass a farm bill in the House before the end of the lame duck session. He wants a conference committee to be prepared to rapidly reach agreement on such a measure. Rice Decline Japan is about to ship very expensive Kobe beef to the U.S., but the government has announced an even smaller rice production quota for 2013. Consumption in Japan continues its 50-year slide, falling from around 12 MMT per year in 1960 to just under 8 MMT this coming...
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.