Last week we reported that all the volatility to the dairy market since COVID has led dairy producers to seek reforms to the Federal Milk Marketing Order (FMMO) system. It would appear that the milk market troubles are not over as there have been a number of media reports in the past week about milk dumping by dairy farmers. News headlines like this haven’t been seen since the early stages of the COVID pandemic in March and April 2020. While every month there is at least some milk dumped, that small volume remains fairly consistent month-to-month and year-over-year. In fact, the long-term average for July back to about 2015 (including 2020, as the dumping that year was short-lived) has been remarkably consistent at around 45 mi...
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
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.