Market prices were driven steadily lower for much of the last six months, largely by the abundance of U.S. and world supplies of grains and soybeans. Nevertheless, USDA's 1 June stocks report should not be ignored as it has a history of producing market-making surprises.As everyone remotely associated with grain markets must surely know, USDA will release its "final" estimate of planted acreage for major and minor spring planted crops plus the 1 June quarterly stocks report on 30 June.This is always one of the most important USDA reports of the year, and markets always look forward to it with eagerness and some anxiety. The USDA/National Agricultural Statistics Service (NASS) acreage estimates are based on surveys and samplings conducted in...
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.