Limits of Monetary Policy Progressives in the U.S. House of Representatives led by the Squad’s Rep. Alexandria Ocasio-Cortez (D-New York) are proving how little they understand about economics. Their latest demand is that President Biden replace Federal Reserve Bank Chairman Jerome Powell with someone that will focus on eliminating climate risk and advancing racial and economic justice. Fortunately, the House plays no role in confirming the next chairman but sadly the demand reflects a problematic viewpoint. The role of the Federal Reserve is to conduct national monetary policy, supervise and regulate banks, maintain financial stability, and ensure banking services. The role of the Congress is address national policy issues such as t...
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.