USDA did not anticipate any change in the average corn farm price because of a minor adjustment in this season's ending stocks, detailed in the June WASDE, but it was one factor that helped justify the nearby July contract selling off 7.75 cents and closing back below $3.60 per bushel. General Comments Today USDA published the June WASDE report with contents and resulting weaker price reaction that were both as expected. Feed grain data held no surprise as slight increases occurred in U.S. corn ending stocks. The estimate of corn usage for ethanol production in the current 2014/15 crop year was reduced by 25 million bushels, and that boosted the ending stocks for this season by a similar amount from 1.851 to 1.875 billion bushels. T...
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.