Every major CBOT/CME agricultural futures contract posted significant losses in a day dominated by “risk off” trade. Over the weekend, news broke that coronavirus COVID-19 outbreaks are worsening in South Korea, Italy, and Iran and the World Health Organization this morning reported that new cases were reported in Kuwait. Saudi Arabia said at the G20 meeting that it expected the spreading virus to have a significant negative impact on global economic growth. All that created expectations that the Dow would open 700+ points lower, which subsequently created pressure on CBOT markets. The World Health Organization reported today that 79,331 cases of COVID-19 have been confirmed to date, with 715 new cases reported in the pas...
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.