There were few fundamental inputs, but today’s agricultural futures markets established new contract lows for corn, SRW and HRS. There was a new contract high for feeder cattle. The market has received new private sector crop estimates and next comes crop tours and the August USDA WASDE, with the latter expected to boost its own yield estimates even if not as huge as the private guesses. Reports EIA Ethanol: The Energy Information Agency’s report showed ethanol output last week at 1.081 million barrels, down 15,000 barrels versus last week but 1.3 percent higher year-on-year. Ethanol inventory at 23.756 million barrels was down 3.9 percent week-on-week but unchanged year-on-year. Both gasoline demand and output...
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.