Live cattle and feeder cattle futures rallied today after feeling the pressure of news and speculation about HPAI. As WPI reported previously, USDA announced on Tuesday it would be testing ground beef in states where dairy cattle herds had tested positive for the H5N1 strain of bird flu. The samples were collected by FSIS and sent to APHIS’ National Veterinary Services Laboratories (NVSL) for PCR testing. Yesterday afternoon, USDA reported that all samples tested negative for H5N1. USDA’s announcement included the statement, “These results reaffirm that the meat supply is safe.” From there it was off to the races for the futures market with cattle futures back to trading in the ranges set in April. ...
The U.S.-Mexico-Canada Agreement (USMCA) enters its mandated six-year review on July 1. 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...
Key Takeaways: Drought remains a major threat to global agricultural production, particularly in regions with limited rainfall and growing water scarcity. Commercially available drought-tolerant traits in corn, soybeans, and wheat have generally delivered modest yield improvements, limiting th...
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.