As WPI reported on 2 July, USDA released its proposed Federal Milk Marketing Order (FMMO) reforms; the final proposal was released in early November 2024. This final proposal will now go to producer referenda in each of the 11 FMMO regions. Producers whose milk was pooled in January 2024 are eligible to vote. Ballots will be mailed to eligible producers and must be postmarked by December 31, 2024, and returned by January 15, 2025, to be counted. If at least two-thirds of the producers or two-thirds of the pooled milk represented in an order approve the final decision, a final rule will be issued, implementing the changes. However, if a two-thirds majority is not reached in each order, the FMMO revisions will be terminated in that...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
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.