Geographical changes in dairy production have been a long unfolding trend, but today’s USDA release of milk production and milk cow inventory by state reinforces the magnitude of how the dairy industry is changing – showing the continued evolution of “cheese states.” The long transition away from fluid beverage milk consumption toward manufactured dairy products, especially cheese, has had the biggest impact on the dairy industry. Since 1975, fluid milk consumption has decreased 46 percent while cheese consumption has increased 169 percent. The two axes in the chart below show fluid milk consumption in pounds of milk (this includes low fat milk which weighs less per pound – 8.5 pounds – and whole m...
The U.S.-Mexico-Canada Agreement (USMCA) enters its mandated six-year review on 1 July. The original intent of the review is outlined in Article 34.7, which obligates members to: Provide recommendations and decide on appropriate actions. Extend the USMCA for another 16 years and meet aga...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
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.